Near 50% fall in Silvergate’s shares over FTX exposure prompts survival doubts

02/03/2023 17:10 The Guardian

Stock price of crypto-focused US bank plummeted in Thursday trading and it is assessing its ability to keep goingThe share price of cryptocurrency-focused US bank Silvergate plummeted by nearly 50% in early trading on Thursday after fresh revelations about the extent of its exposure to the collapse of crypto exchange FTX raised questions about its ability to survive.On Wednesday, it delayed publication of its annual report and announced a fresh sale of assets to repay debts, while warning that it was assessing “its ability to continue as a going concern” in a filing with the SEC, the US financial markets regulator. Continue reading...

Continua a leggere su "The Guardian"
Altre notizie da "The Guardian"
BREAKING NEWS
09/09 14:28 - Harris endorsed by 10 former top military officials who call Trump a ‘danger to national security’ – live 09/09 14:21 - Whale alleged to be Russian ‘spy’ died after stick became lodged in its mouth, say police 09/09 14:08 - Mario Draghi warns EU at risk without ‘new industrial strategy’ and €800bn a year investment boost – business live 09/09 14:04 - Europe’s ‘Reason for Being’ at Risk as Competitiveness Wanes, Report Warns 09/09 14:03 - 630,000 children missing education as Gaza school year begins 09/09 14:03 - 630,000 children missing education as Gaza school year begins 09/09 14:01 - Israeli strikes in Syria kill at least 25, war monitor says 09/09 14:01 - Middle East crisis: Israeli strikes on Syria kill at least 25 people, war monitor says – as it happened 09/09 13:57 - In Ukraine’s Poltava, soldier buries a father he thought safe from war 09/09 13:47 - Russian Forces Capture 2 Villages in Eastern Ukraine, Analysis Shows 09/09 13:31 - Russia brands Iran ‘important partner’ amid reports of missile supplies 09/09 13:31 - Russia brands Iran ‘important partner’ amid reports of missile supplies 09/09 13:28 - EU ‘needs €800bn-a-year spending boost to avert agonising decline’ 09/09 12:30 - Reform UK are ‘not patriots, they’re frauds’, TUC chief tells annual congress – UK politics live 09/09 12:17 - Violence spreads in the Middle East | First Thing 09/09 12:01 - EU says it received 'credible information' that Iran sent ballistic missiles to Russia 09/09 11:19 - US Republicans blame Biden for chaotic Afghanistan withdrawal 09/09 11:00 - News24 | 'Irresponsible and potentially dangerous': Russian drones entered NATO countries Latvia and Romania 09/09 10:11 - Nuland confirms West told Zelensky to abandon peace deal 09/09 09:48 - A Tug Between Russia and Europe Divides Montenegro 09/09 09:45 - UK weather: Arctic air brings autumn chill and heavy rain 09/09 09:29 - German intelligence accuses Russia’s GRU of cyberattacks on NATO, EU states 09/09 09:29 - German intelligence accuses Russia’s GRU of cyberattacks on NATO, EU states 09/09 09:20 - Bridget McKenzie forced to deny her oped on aviation divestiture signals support for breaking up Qantas 09/09 09:00 - Chile’s Palestino soccer club captures local Palestinian community's pride and grief 09/09 09:00 - ‘We’re all sitting ducks’ without more substantial gun control, Warnock says 09/09 07:34 - Syria Says Israeli Strikes Killed 16 Amid Widening Tensions 09/09 07:00 - News24 | 'We are late on this': Israel's Gantz urges a focus on Lebanon and Hezbollah, not Gaza and Hamas 09/09 06:37 - Man fled country after allegedly throwing hot coffee on baby in Brisbane park, police say 09/09 05:30 - China's EV, Hybrid Sales Maintain Momentum 09/09 05:02 - No cries or gurgles: The hospital ward filled with starving babies 09/09 05:00 - Inside Pokrovsk - the vital Ukrainian town in Russia's sights 09/09 04:07 - Hunter Valley bus crash driver’s jailing ‘not about revenge’, judge tells grieving families 09/09 04:01 - Billions lost from small retailers in tax evasion, says watchdog 09/09 02:22 - NATO members Latvia, Romania say Russian drones breached airspace 09/09 02:22 - NATO members Latvia, Romania say Russian drones breached airspace 09/09 01:56 - Jordanian driver kills Israeli workers at border with West Bank 09/09 01:34 - Edmundo González, likely winner of Venezuela election, flees to Spain 09/09 00:38 - Russia-Ukraine war: List of key events, day 927 09/09 00:38 - Russia-Ukraine war: List of key events, day 927 09/09 00:25 - At least 14 killed in Israeli air strikes on central Syria, says war monitor 09/09 00:01 - The mother of the 14-year-old Georgia shooting suspect called the school the morning of the attack to warn of a possible emergency, a family member said. 09/09 00:01 - A lawsuit backed by a fossil-fuel billionaire, alleging that Greenpeace USA illegally incited protests against the Dakota Access Pipeline, heads for trial with the environmental group warning it faces bankruptcy if it loses. 09/09 00:01 - Having captured over 100 towns after its incursion into Russia last month, Ukraine finds itself in a new role as an occupier. Zelensky has appointed a military commandant for the area and vows to observe humanitarian laws. 08/09 23:35 - Sydney trains delays: services cancelled across network after urgent repairs to broken rail at Central station 08/09 23:01 - Tory Covid contracts worth £15bn had corruption ‘red flags’, study finds 08/09 22:51 - Zelensky wants Italy to pressure US on arms deliveries – media 08/09 22:24 - In Russia's Kursk, Ukraine Takes On a New Role: Occupier 08/09 22:21 - Jordanian Gunman Kills Three Israelis at Jordan-Israel Bridge 08/09 22:10 - Georgia shooting suspect's mother warned school of emergency, US media reports 08/09 21:08 - German chancellor wants to end Ukraine conflict ‘faster’ 08/09 21:01 - 27 Pieces Of Clothing From Amazon For Anyone Who's A Little Bored With Their Wardrobe 08/09 18:17 - Mother of Georgia shooting suspect 'called school 30 minutes before attack' 08/09 17:06 - Venezuela’s Opposition Candidate Edmundo González Flees to Spain 08/09 17:01 - Georgia Shooting Suspect's Mom Tried to Warn School, Family Says 08/09 16:07 - Trump threatens to jail adversaries for ‘unscrupulous behavior’ if he wins 08/09 15:05 - Putin to discuss Ukraine peace with PM Modi’s national security adviser – media 08/09 15:00 - Australian pregnancy drugs shortage sparks call to include pregnant women in clinical trials 08/09 15:00 - Julia Gillard urges Labor to retain 50% female target, warning women still at risk of being dragged back 08/09 15:00 - Almost 68% of Australia’s tourism sites at major risk if climate crisis continues, report says 08/09 14:43 - Heavy rain hits parts of England and Wales 08/09 14:28 - Russia claims new gains in east Ukraine push, launches deadly strikes 08/09 14:21 - Lebanon FM: Israel against Lebanon ceasefire, even if Gaza war ends 08/09 14:21 - Lebanon FM: Israel against Lebanon ceasefire, even if Gaza war ends 08/09 13:59 - China’s ‘disappeared’ foreign minister demoted to low-level publishing job, say former U.S. officials 08/09 13:49 - Mother of Georgia shooting suspect called school to warn of emergency, relative says 08/09 13:35 - The Texas Billionaire Who Has Greenpeace USA on the Verge of Bankruptcy 08/09 13:09 - Can Israel survive its new war in the West Bank? 08/09 13:01 - CIA and MI6 chiefs warn of threats to ‘world order’ 08/09 13:00 - Number of seasonal workers seeking help after being sacked by UK farms doubles in past year 08/09 12:54 - Jewish director at Venice Film Festival speaks in solidarity with Palestine 08/09 12:54 - Jewish director at Venice Film Festival speaks in solidarity with Palestine 08/09 11:42 - Whale, dead rat, cat or pigeon: Which animal is the best spy? 08/09 11:42 - Whale, dead rat, cat or pigeon: Which animal is the best spy? 08/09 10:33 - Russia's links with Iran are growing stronger - and Ukraine and the West will have to retaliate 08/09 10:01 - 33 Things For Your Wardrobe That'll Make You Think "Why Didn't I Buy This Years Ago" 08/09 09:29 - Keir Starmer urges Labour MPs to back ‘unpopular’ plan to cut winter fuel allowance 08/09 08:59 - Three Israelis killed in shooting at West Bank-Jordan border crossing 08/09 08:16 - "I Did Ask Them To Burn The Wardrobe": 19 Times Actors Admitted The Onscreen Looks They Hated Most 08/09 07:26 - Plan to hit 18-week NHS wait target 'set to fail' 08/09 07:15 - Hezbollah fires rockets, Israel strikes after attack kills Lebanese emergency workers 08/09 06:22 - Manhunt after cars hit in shooting near US highway 08/09 05:00 - Russia throttles YouTube, popular with kids, celebrities and dissidents 08/09 03:57 - Mother of Georgia Suspect Called Apalachee High School Before Shooting, Family Says 08/09 02:05 - Russia-Ukraine war: List of key events, day 926 08/09 02:05 - Russia-Ukraine war: List of key events, day 926 08/09 02:01 - Putin has offended me – Trump 08/09 00:29 - France to pay for Ukrainian weapons with Russian funds 08/09 00:02 - An Alabama Businessman's Two-Decade War With China 07/09 23:39 - Rise of far right in Germany’s east isn’t over yet 07/09 22:45 - Antony Blinken to visit UK for talks on Ukraine and Middle East 07/09 21:57 - US secretary Blinken to visit UK for Ukraine and Middle East talks 07/09 21:11 - AFP photographer Mahmud Hams wins top award for Gaza war coverage 07/09 21:05 - BBC promises ‘innovative’ return for Casualty in Christmas special 07/09 20:54 - C.I.A. and MI6 Chiefs Discuss Ukraine’s Incursion Into Russia and Gaza War 07/09 20:51 - 'He even laid out cones in warm-up' - 5 live experts on Carsley 07/09 20:26 - US and UK spy chiefs praise Ukraine for 'audacious' Russia incursion 07/09 20:00 - How Australian conservationists’ tunnel vision lets turtles swim to freedom 07/09 19:45 - Iran Sent Ballistic Missiles to Russia, U.S. and European Officials Say 07/09 19:43 - Body found in search for wife of Scotland rugby star Scott Hastings