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Thursday, November 21, 2024
More
    bitcoin
    Bitcoin (BTC) $ 98,343.35
    ethereum
    Ethereum (ETH) $ 3,359.15
    tether
    Tether (USDT) $ 1.00
    bnb
    BNB (BNB) $ 621.77
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 1.19
    binance-usd
    BUSD (BUSD) $ 0.978748
    dogecoin
    Dogecoin (DOGE) $ 0.384484
    cardano
    Cardano (ADA) $ 0.795203
    solana
    Solana (SOL) $ 258.76
    matic-network
    Polygon (MATIC) $ 0.448131
    polkadot
    Polkadot (DOT) $ 5.84
    tron
    TRON (TRX) $ 0.199835
    HomeFinanceFed Board points order to Silvergate Financial institution as a part of...

    Fed Board points order to Silvergate Financial institution as a part of reverse cost plan

    The U.S. Federal Reserve Board issued a consent order to Silvergate Financial institution and its dad or mum firm as a part of the establishment’s plans to “curtail operations” and liquidate.

    In a June 1 advisory, the Fed stated Silvergate Capital (OTC:) Company and the financial institution may have 10 days to submit a reverse cost plan in accordance with California and federal necessities that can finish its operations. The corporate introduced in March it deliberate to shut its operations “in mild of latest business and regulatory developments,” turning into certainly one of three main crypto-friendly banks to shut.

    Proceed studying on Coin Telegraph

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