Bloomberg: Silvergate is in talks with the Federal Deposit Insurance Corporation to find ways to rescue the bank

ChainCatcher news, citing sources from Bloomberg, reports that Silvergate is in talks with officials from the Federal Deposit Insurance Corporation (FDIC) about ways to salvage the bank. One source indicated that one option might involve recruiting investors from the crypto industry to help boost Silvergate's liquidity. Last week, the Federal Reserve authorized FDIC examiners to visit Silvergate's headquarters in La Jolla, California, with the Federal Reserve being Silvergate's primary federal regulator. (Source link)