U.S. federal officials have been discussing with Silvergate Capital Corp's management to avoid a shutdown, Bloomberg News reported on Tuesday, citing people familiar with the matter.Shares of the cryptocurrency-focused bank rose about 5 per cent in after-market trading.Last week, the bank warned it
U.S. federal officials have been discussing with Silvergate Capital Corp's management to avoid a shutdown, Bloomberg News reported on Tuesday, citing people familiar with the matter.Last week, the bank warned it was delaying its annual report and said it was evaluating its ability to operate as a going concern.
U.S. regulators have been sent to the headquarters of Silvergate as the company looks for a way to stay in business, the report said.
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