Silvergate

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in PacWest Bancorp of Class Action Lawsuit and Upcoming Deadline – PACW

Retrieved on: 
Monday, November 13, 2023
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NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.

Key Points: 
  • NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.
  • To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
  • PacWest operates as a holding company for its wholly-owned subsidiary, Pacific Western Bank (“PWB”), a regional bank based in Los Angeles, California.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

Silvergate Capital Corporation Announces Full Repayment of Silvergate Bank’s Remaining Deposit Liabilities

Retrieved on: 
Wednesday, November 22, 2023
Banking, Professional Services, Finance, Federal Deposit Insurance Corporation, Risk, Central bank liquidity swap, Wind, Silvergate, China International Capital Corporation, Bank, Kazakhstan Deposit Insurance Fund, Silvergate Bank, Insurance

Every Bank depositor has been fully repaid without risk to the Deposit Insurance Fund.

Key Points: 
  • Every Bank depositor has been fully repaid without risk to the Deposit Insurance Fund.
  • Silvergate continues to focus on implementing the Bank Liquidation.
  • After the Bank repaid all deposits in full, the Company, on a consolidated basis, held excess cash and cash equivalent balances.
  • Therefore, there can be no assurance of the Company’s ability to maintain positive cash and cash equivalent balances or adequate capital and reserves through the Bank Liquidation.

Navigating Crypto's Evolution: Reflections on a Transformative Year and What Lies Ahead

Retrieved on: 
Tuesday, November 28, 2023
Bitcoin, Trident, Signature, Institutionalisation, FTX, Silvergate, Artificial intelligence, Multimedia, Interview, Cryptocurrency

Expectations for the launch of a US Bitcoin ETF remain high, but questions linger about the future of such a dynamic sector.

Key Points: 

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in PacWest Bancorp of Class Action Lawsuit and Upcoming Deadline – PACW

Retrieved on: 
Friday, October 27, 2023
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NEW YORK, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.

Key Points: 
  • NEW YORK, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.
  • To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
  • PacWest operates as a holding company for its wholly-owned subsidiary, Pacific Western Bank (“PWB”), a regional bank based in Los Angeles, California.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in PacWest Bancorp of Class Action Lawsuit and Upcoming Deadline – PACW

Retrieved on: 
Thursday, October 19, 2023
Signature Bank, Banc of California, Action Replay, Sale, Defendant, FDIC, Treasury, Prior, Pressure, Report, PacWest Bancorp, Person, News, Court, Form 10-Q, Bank holding company, Ext, Silvergate, Complaint, Pomerantz, SVB, LLP, Silicon Valley Bank, District court, PWB, First Republic Bank, Central District, Fed, Federal, Safety, PacWest, Silvergate Bank, United States Department of the Treasury, Investment, Banq, Bank, Cryptocurrency, Security (finance), Bloomberg

NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.

Key Points: 
  • NEW YORK, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.
  • To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
  • PacWest operates as a holding company for its wholly-owned subsidiary, Pacific Western Bank (“PWB”), a regional bank based in Los Angeles, California.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in PacWest Bancorp of Class Action Lawsuit and Upcoming Deadline – PACW

Retrieved on: 
Wednesday, October 11, 2023
Pressure, Investment, Banc of California, Fed, Action Replay, PWB, Pomerantz, Signature Bank, LLP, Central District, Banq, Defendant, Court, United States Department of the Treasury, Report, Bank holding company, Prior, First Republic Bank, Safety, District court, Treasury, Silvergate Bank, Silvergate, Silicon Valley Bank, FDIC, Complaint, PacWest Bancorp, PacWest, Person, Ext, Federal, News, SVB, Form 10-Q, Sale, Bank, Cryptocurrency, Security (finance), Bloomberg

NEW YORK, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.

Key Points: 
  • NEW YORK, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.
  • To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
  • PacWest operates as a holding company for its wholly-owned subsidiary, Pacific Western Bank (“PWB”), a regional bank based in Los Angeles, California.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

PacWest Bancorp investors: Please contact the Portnoy Law Firm to recover your losses; November 13, 2023 deadline.

Retrieved on: 
Monday, October 9, 2023
Banc of California, PacWest Bancorp, Banq, PacWest, Federal Reserve, Silicon, Silvergate, Silicon Valley Bank, Bank

LOS ANGELES, Oct. 09, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises PacWest Bancorp ("PacWest" or the "Company") (NASDAQ: PACW) investors that a lawsuit filed on behalf of investors that purchased PacWest securities between February 28, 2022 and May 3, 2023, both dates inclusive (the “Class Period”).

Key Points: 
  • LOS ANGELES, Oct. 09, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises PacWest Bancorp ("PacWest" or the "Company") (NASDAQ: PACW) investors that a lawsuit filed on behalf of investors that purchased PacWest securities between February 28, 2022 and May 3, 2023, both dates inclusive (the “Class Period”).
  • Investors are encouraged to contact attorney Lesley F. Portnoy , by phone 844-767-8529 or email : [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com .
  • The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
  • The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in PacWest Bancorp of Class Action Lawsuit and Upcoming Deadline – PACW

Retrieved on: 
Tuesday, October 3, 2023
Pressure, LLP, Banq, Fed, PacWest Bancorp, Banc of California, Central District, Prior, Silicon Valley Bank, PWB, Form 10-Q, FDIC, Federal, Person, Sale, Ext, Treasury, District court, Report, SVB, Investment, Action Replay, Complaint, Court, Defendant, Bank holding company, United States Department of the Treasury, Pomerantz, PacWest, Signature Bank, First Republic Bank, Silvergate, News, Silvergate Bank, Safety, Bank, Cryptocurrency, Security (finance), Bloomberg

NEW YORK, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.

Key Points: 
  • NEW YORK, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.
  • To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
  • PacWest operates as a holding company for its wholly-owned subsidiary, Pacific Western Bank (“PWB”), a regional bank based in Los Angeles, California.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in PacWest Bancorp of Class Action Lawsuit and Upcoming Deadline – PACW

Retrieved on: 
Monday, September 25, 2023
Pressure, LLP, Banq, Fed, PacWest Bancorp, Banc of California, Central District, Prior, Silicon Valley Bank, PWB, Form 10-Q, FDIC, Federal, Person, Sale, Ext, Treasury, District court, Report, SVB, Investment, Action Replay, Complaint, Court, Defendant, Bank holding company, United States Department of the Treasury, Pomerantz, PacWest, Signature Bank, First Republic Bank, Silvergate, News, Silvergate Bank, Safety, Bank, Cryptocurrency, Security (finance), Bloomberg

NEW YORK, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.

Key Points: 
  • NEW YORK, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against PacWest Bancorp (“PacWest” or the “Company”) (NASDAQ: PACW) and certain officers.
  • To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
  • PacWest operates as a holding company for its wholly-owned subsidiary, Pacific Western Bank (“PWB”), a regional bank based in Los Angeles, California.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

Is the US banking crisis over?

Retrieved on: 
Monday, September 4, 2023
Pressure, European banking crisis of 1931, Fed, Bank, State, Federal, AA, Fear, Negative-index metamaterial, Silicon Valley Bank, Central, Signature, Research, Credit Suisse, Government, State Street, Federal Reserve, AAA, Risk, Income, UBS, BNY Mellon, Credit, Silvergate, News, S&P Global Ratings, Cryptocurrency, EU, Fitch, Basel

The US banking crisis triggered worries about the global banking system earlier in the year.

Key Points: 
  • The US banking crisis triggered worries about the global banking system earlier in the year.
  • Three mid-sized US banks, Silicon Valley Bank, Silvergate and Signature, fell in quick succession, driving down bank share-prices across the world.

Tight margins and dwindling deposits

    • In July, the Fed raised its key interest rate to as much as 5.5%, the highest in 20 years.
    • This saw more customers at other banks withdrawing deposits for fear that their money wasn’t safe either.
    • In sum, US banks saw deposits declining between June 2022 and June 2023 by almost 4%.
    • You can see the effect on banks’ profitability by looking at overall net interest margins (NIMs).

Credit rating downgrades

    • In early August, Fitch downgraded its rating of US government debt to AA+ from AAA.
    • Sovereign downgrades often reflect problems in the wider economy.
    • This can destabilise banks by making them seem less creditworthy, leading their credit ratings to be downgraded too.
    • Our research suggests bank downgrades are associated with making them riskier and more unstable, particularly when accompanied by a sovereign downgrade.

Regulatory intervention

    • These plans to increase banks’ capacity to absorb losses are encouraging, though will take more than four years to fully implement.
    • For the moment, the US banking system remains vulnerable both to shocks within the financial system and more general calamities.