Silvergate Capital Stock Up 6% on BlackRock's 7.2% Stakebkg
January 31 2023 - 3:49PM
Dow Jones News
By Sabela Ojea
Shares of Silvergate Capital Corp. on Tuesday climbed after
BlackRock Inc. disclosed a 7.2% stake in the bank.
At 15:02 E.T., shares were up 6.2% at $13.76.
The stock is down 85% in the past six months. The La Jolla,
Calif., bank held about $1 billion of its deposits from the FTX
crypto exchange and its affiliates, which collapsed in
November.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
January 31, 2023 15:34 ET (20:34 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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