> Silvergate’s ability to find a white knight bidder to “salvage” the bank ended when gutsy U.S. Senators Elizabeth Warren (D-MA), John Kennedy (R-LA), and Roger Marshall (R-KS) released a letter on January 30 to the bank’s CEO, Alan Lane.
> Another way that Silvergate apparently met the run on the bank was to obtain $4.3 billion in advances from the Federal Home Loan Bank of San Francisco – a program meant to support housing for the poor.
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WSOP coverage:
https://wallstreetonparade.com/2023/03/fdic-investigators-ar...
> Silvergate’s ability to find a white knight bidder to “salvage” the bank ended when gutsy U.S. Senators Elizabeth Warren (D-MA), John Kennedy (R-LA), and Roger Marshall (R-KS) released a letter on January 30 to the bank’s CEO, Alan Lane.
https://wallstreetonparade.com/2023/03/silvergate-a-federall...
> Another way that Silvergate apparently met the run on the bank was to obtain $4.3 billion in advances from the Federal Home Loan Bank of San Francisco – a program meant to support housing for the poor.