Silvergate in Talks With FDIC in Bid to Salvage Bank

The video discusses Silvergate's entry into the crypto space, which led to significant turmoil following the collapse of FTX. This resulted in a billion-dollar loss in the fourth quarter, contrasting with their previous profits. Major clients like Coinbase withdrew, exacerbating the situation. The potential failure of Silvergate would be the largest bank failure the FDIC has faced since 2010, highlighting the scale of the issue. The bank holds over $10 billion in assets, making its situation significant in the banking sector.

What trends in bank failures have been observed in the US over the last two years?

Discuss the implications of Silvergate Capital's asset size in the context of bank failures.