The mum or dad firm of the collapsed Silvergate Financial institution shall be delisted from the New York Inventory Alternate and 230 of its staff shall be laid off, Silvergate Capital (NYSE:) has revealed.

In a Might 11 deposit on the U.S. Securities and Alternate Fee, Silvergate Capital stated 230 staff can be “separated” beginning Might 12. The NYSE additionally suspended buying and selling in its shares, with delisting anticipated to start “quickly”.

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