Rumor has it that Wells is interested in buying the Crypto Bank.
Silvergate down around 95 percent from all time high
Good buy?
13 replies (most recent on top)
Silvergate is a regulatory nightmare and has a deposit base that isn’t worth much. Untouchable for most banks, and way too small to be worth the headache for any national or large regional.
Bi--h I thought this was the name of another wf building for sale 🙄🙄🙄
Needs to be down 100% and come with free fries and drink. Crypto is for the hood.
CS has a real thing for the FinTechs- not crypto.
Now that would be a silly move. I doubt the regulators would approve - we are not in the gambling business and we have the fiduciary duty to protect our depositors.
We can’t even manage this bank, we have no business considering this if it’s true.
I hate this fu----g job I hope I get laid all the way the fu-k off and take my money and bounce.
I doubt Wells will buy anything until they get out of Asset Cap. Perhaps they are very close to lifting the Asset Cap since they are intersected in buying this failing Crypto Bank.
If you think regulators will allow WF to buy anything I have a bridge to sell you!
Lol, pump and dump on a job layoff board
Fake money. Fake bank. Sounds like a great idea.🤦🏻♂️
If crypto were worth investing in, crypto companies wouldn't have to sell it as hard as they do.
It has a debt of over $ 4 Billion. So, if Wells is buying it, it would have to be for almost $0.00 since they would need to cover 4 Billion of SilverGate debt