“These events highlight Silvergate Bank’s significant operating challenges, in particular the profitability, funding and liquidity risk associated with amplified deposit volatility driven by uncertainty in the crypto currency market and the bank’s narrow business model,” Sadia Nabi, a senior analyst at Moody’s Financial Institutions Group, said.
Eclipse Labs Promotes Vijay Chetty to CEO Nearly a Week After Neel Somani's Ouster
Neel Somani, the founder and CEO of Eclipse Labs, stepped down after sexual assault allegations recently surfaced. Source link