Signature Bank (SBNY) Issues Updated Financial Figures as of March 8, 2023; Reiterates Strong Financial Position and Limited Digital-Asset Related Deposit Balances
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Signature Bank (SBNY) Declines Pre-Open as Banks Pressured, Down 13%
March 10, 2023 8:09 AM ESTSignature Bank (NASDAQ: SBNY) Declines Pre-Open as Banks Pressured, Down 13%
... MoreSignature Bank (SBNY) has repurchased $55 million of common stock this week
March 9, 2023 9:17 AM ESTSignature Bank (NASDAQ: SBNY) announced:
Over the course of this week and thus far for the quarter, we have repurchased $55.0 million of common stock within our previously disclosed share repurchase authorization.
... MoreSignature Bank (SBNY): With Demise of Silvergate, SBNY Last Man at the Crypto Bar - Wells Fargo
March 9, 2023 7:17 AM ESTWells Fargo analyst Jared Shaw reiterated an Overweight rating and $185.00 price target on Signature Bank (NASDAQ: SBNY).
"The crypto landscape for banks just got lonelier with SI winding down operations. While SBNY has self-imposed limits on crypto deposits, they... More
Crypto stocks slide after Silvergate decides to shut down
March 9, 2023 6:55 AM ESTBy Niket Nishant, Medha Singh and Hannah Lang
(Reuters) - Shares of crypto-focused companies fell on Thursday after Silvergate Capital Corp disclosed plans to wind down operations and voluntarily liquidate, as the aftermath of FTX's implosion last year reverberates through the industry.
Shares in Silvergate plunged more than 35% to $3.17, a day after hitting a record low and have lost 64% since March 1 when the company flagged a going concern risk.
Analysts said a complete closure of the crypto lender could take one or two years depending on how quickly outstanding loans are repaid and assets are disposed of.
... MoreSignature Bank (SBNY) Shares Decline After Silvergate Announces Plan to Wind Down, Liquidate Silvergate Bank
March 8, 2023 4:37 PM EST(Updated - March 8, 2023 4:41 PM EST)
(Updated - March 8, 2023 4:40 PM EST)
Signature Bank (NASDAQ: SBNY) Shares Decline After Silvergate Announces Plan to Wind Down, Liquidate Silvergate Bank
SBNY -5%(Correction, SVB Financial Group (NASDAQ: SIVB) weakness is tied to an offering, not Silvergate)... More