Silvergate Sinks by Record on Deposit Run, Staff Layoffs

Описание к видео Silvergate Sinks by Record on Deposit Run, Staff Layoffs

Shares of crypto bank Silvergate Capital Corp. plunged. The company says the industry's meltdown triggered a run on deposits, prompting it to sell assets at a steep loss and fire 40% of its staff.  Silvergate held deposits for FTX units and Alameda Research, the trading firm at the heart of the crypto exchange's downfall. Su Keenan reports on Bloomberg Television.

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