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Silvergate Capital Tumbled Nearly 40% in Morning Trading After Delaying Its Annual Report and Warning About Viability

Tiger Newspress2023-03-02

Silvergate Capital tumbled nearly 40% in morning trading after delaying its annual report and warning about viability.

The company said it sold additional debt securities in January and February and that it expects further losses related to impaired securities, adding it could be less than well-capitalized, and it does not expect to file its report by an extension date of March 16.

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Comment6

  • trendjourney
    ·2023-03-03
    Filling chapter 11?
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  • andrew123
    ·2023-03-03
    Omg
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  • Bodoh
    ·2023-03-03
    Oooops
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  • Ruban5
    ·2023-03-03
    Ok
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  • Singman
    ·2023-03-03
    Like
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  • 4Leaf
    ·2023-03-03
    👍
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