CLAUDE

Silvergate Loses Additional Ratings From Moody's

Cathy Wood's ARK Invest sold over 400,000 Silvergate Capital shares for $4.3 million. Reports say Silvergate Bank lost $718 million liquidating loans to meet $8.1 billion in withdrawals. Moody's Investors Service downgraded Silvergate and the bank due to the bank's predicament.

• by Jessie A Ellis
• Jan 06, 2023