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Ultimately, Silvergate Financial institution didn’t survive. However its executives had been in a position to keep away from taking authorities help. Silvergate Capital’s share worth is down 83% since March 1, the day the financial institution stated it was unable to file its annual report. However with shareholders taking the hit – not depositors or the federal government – it was, in a manner, the perfect state of affairs for a financial institution collapse, as unusual as that sounds.
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