Silvergate in discussions with FDIC over ways to avoid shutdown, Bloomberg says

Silvergate is in talks with Federal Deposit Insurance Corp. officials over ways to avoid a shutdown of the lender, Bloomberg’s Katanga Johnson, Lydia Beyoud, and Max Reyes report, citing people familiar with the matter. One potential option would involve lining up cryptocurrency investors to help the crypto-friendly bank shore up its liquidity, the author notes. Reference Link