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Crypto-Focused Silvergate Debacle Unlikely to Spread to Broader Banking

(Bloomberg) -- A rare run on a US bank is unfolding at the moment as crypto-focused Silvergate Capital Corp. plunges. But the damage to the broader financial system is likely contained, as the trouble facing Silvergate is particular to the bank and mostly

(Bloomberg) -- A rare run on a US bank is unfolding at the moment as crypto-focused Silvergate Capital Corp. plunges. But the damage to the broader financial system is likely contained, as the trouble facing Silvergate is particular to the bank and mostly limited to its customers and other crypto-linked firms.Most Read from BloombergTycoon Deripaska Warns Russia May Run Out of Money in 2024Sorry, Twitter. Elon Found His Next Shiny Object.Israel’s Window to Strike Iran Narrows as Putin Enters Equ

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© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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