News

Published on 2 Mar 2023 on Decrypt Media via Yahoo Finance

Silvergate Stock Plunges 31% as Crypto Bank Delays SEC Financial Report


Article preview image

Silvergate Capital Corporation, the parent company of Silvergate Bank, delayed its annual 10-K report filing with the U.S. Securities and Exchange Commission on Wednesday, telling the agency it “needs additional time” to allow an independent accounting firm to complete certain audit procedures.

In the filing, Silvergate also cited “a number of circumstances” that will “negatively impact” the timing of the 10-K report.

OTC.SICP price evolution
NASDAQ.IBCP price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

Sign up for free
Related News
Robert Kennedy Jr. to make campaign debut at bitcoin conference

Robert F. Kennedy Jr.’s first appearance as a presidential candidate will be at a cryptocurrency...

NBC NEWS 6 May 2023

Western Alliance Bank Share Price Falls by 39% Amid Sale News

Meanwhile, PacWest Bancorp’s stock price dropped by about 48% on Thursday. The bank denied...

Investing.com 5 May 2023

Five Crypto Companies Among the Biggest Financial Frauds in America By BeInCrypto Canada

The intersection of traditional banking and crypto has led to significant growth and innovation....

Investing.com 5 May 2023

Signature Bank’s collapse attributed to poor management practices, says FDIC

Recently, the Federal Deposit Insurance Corporation (FDIC) released a statement stating the failu...

MSN News 4 May 2023

PacWest Bank Collapses 53% After Reports of Possible Sale Emerge – 24/7 Wall St.

The shares of PacWest Bank collapsed more than 50% in after-hours trading on Wednesday, May 3rd. ...

247wallst.com 3 May 2023

Coinbase going international sparks community reactions: ‘Crypto is global’

Amid regulatory struggles in the United States, crypto exchange Coinbase has decided to expand it...

The Cointelegraph 3 May 2023

Crypto Market Volatility Persists Ahead of Fed Rate Announcement

The US banking crisis has intensified following the recent collapse of First Republic Bank. This...

Blockonomi 3 May 2023

Robert F. Kennedy Jr. Wades Further Into Crypto Following Anti-CBDC Remarks

Democratic presidential candidate Robert F. Kennedy Jr. came out swinging on behalf of the digita...

Decrypt Media via Yahoo Finance 2 May 2023

Balaji Closes Bitcoin Bet With $1.5M in Donations, Including $500K for Bitcoin Core Development

Balaji Srinivasan on Tuesday said his $1 million bet on bitcoin (BTC) has been closed out ahead o...

CoinDesk via Yahoo Finance 2 May 2023

Bitcoin Survived SVB And Silvergate Bank Fails; It Will Survive First Republic’s, Too

First Republic Bank is no more. The good news is that bitcoin has clearly survived the Silicon...

Forbes 2 May 2023