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Silvergate begins NYSE delisting process as it readies to cut 230 staff By Cointelegraph

CointelegraphBy No Comments1 Min Read

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© Reuters.

The mum or dad firm of the collapsed Silvergate Financial institution can be delisted from the New York Inventory Trade, and 230 of its workers can be let go, Silvergate Capital (NYSE:) has disclosed.

In a Could 11 submitting to america Securities and Trade Fee, Silvergate Capital stated 230 workers can be “separated” beginning Could 12. The NYSE additionally suspended buying and selling in its inventory, with delisting to begin “shortly.”

A year-to-date chart of Silvergate Capital’s share value exhibits an almost 93% value drop because the begin of 2023. Supply: Google (NASDAQ:) Finance

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