Signature Bank (SBNY) has repurchased $55 million of common stock this week
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Signature Bank (SBNY) Issues Updated Financial Figures as of March 8, 2023; Reiterates Strong Financial Position and Limited Digital-Asset Related Deposit Balances
March 9, 2023 9:13 AM ESTSignature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank, announced today updated financial figures as of March 8, 2023 and reiterated its strong, well-diversified financial position and limited digital-asset related deposit balances in the wake of industry developments.
To this end, Signature Bank has:
A proven, stable commercial... 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) call put ratio 1 call to 5.5 puts amid wide price movement
March 9, 2023 1:34 AM ESTSignature Bank (NASDAQ: SBNY) 30-day option implied volatility is at 70; compared to its 52-week range of 40 to 107. Call put ratio 1 call to 5.5 puts.
... More