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Are you keeping up with those other two banks that both start with an “S” and failed the same week as Silicon Valley Bank? Silvergate Bank announced March 8 that it was shutting down of its own accord and regulators took over Signature Bank on Sunday. All three of these institutions were known for catering to a specific clientele. For SVB, it was tech startups. For Silvergate and Signature, it was cryptocurrency companies. So what does the collapse of two of the crypto-friendliest banks mean for that industry? Marketplace’s Meghan McCarty Carino talked about it with Laura Shin, a crypto journalist and host of the “Unchained” podcast.
By Marketplace4.4
7676 ratings
Are you keeping up with those other two banks that both start with an “S” and failed the same week as Silicon Valley Bank? Silvergate Bank announced March 8 that it was shutting down of its own accord and regulators took over Signature Bank on Sunday. All three of these institutions were known for catering to a specific clientele. For SVB, it was tech startups. For Silvergate and Signature, it was cryptocurrency companies. So what does the collapse of two of the crypto-friendliest banks mean for that industry? Marketplace’s Meghan McCarty Carino talked about it with Laura Shin, a crypto journalist and host of the “Unchained” podcast.

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