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Comment by cavisne | Hacker News Reader
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cavisne
·
Curious there was nothing about silvergate?
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blihp
·
Silvergate is tiny (assets-wise) compared to SVB and Signature and not worth a mention as it poses no systemic risk.
hn_throwaway_99
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Silvergate was already getting wound down, and unlike SVB and Signature didn't need a fed backstop.
cavisne
·
so silvergate assets exceeded/matched its deposits? I know it was a pretty niche bank just curious as I thought it was in a way worse position.
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