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tl;dr
The United States Federal Reserve has terminated its enforcement action against Silvergate Bank and its holding company, Silvergate Capital Corporation, following the bank's completion of liquidation and wind-down plans. The bank had been fined $43 million for non-compliance with anti-money launderi...
The United States Federal Reserve has terminated its enforcement action against Silvergate Bank and its holding company, Silvergate Capital Corporation, following the bank's completion of liquidation and wind-down plans. The bank had been fined $43 million for non-compliance with anti-money laundering regulations, with additional fines from state regulators, totaling $63 million. The bank and two executives settled the charges without admitting or denying the allegations.
The collapse of Silvergate Bank, a crypto-friendly institution, had a negative impact on market sentiments last year, but growing institutional adoption and the approval of spot Bitcoin ETFs in 2024 have since elevated crypto prices. The early part of last year was plagued with declining sentiments as the crypto-friendly Silvergate Bank collapsed. This followed the implosion of FTX the previous year which saw investors lose billions in assets. These incidents plunged market sentiments as crypto prices remained low until growing institutional adoption in Q4 2023.
The approval of spot Bitcoin ETFs this year heightened institutional investment pushing the BTC price to a new all-time high above $73,000. At press time, BTC price stands at $67,376.
More about Emeren Group Ltd
Emeren Group Ltd, develops, builds, operates and sells solar energy projects. The company is headquartered in Stamford, Connecticut.
Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES
Market Cap: 99097000
Dividend Yield: None
EPS: -0.16
PE Ratio: 1.918
52 Week High: -0.127
52 Week Low: 106582000
50-Day Moving Average: 4.38
200-Day Moving Average: 3.42
Price to Sales: 0.148
More about GameStop Corp
GameStop Corp Summary Company: GameStop Corp
Location: Headquartered in Grapevine, Texas
Industry: Trade & Services, Retail-Computer & Computer Software Stores
Market Cap: $10,467,914,000
PE Ratio: 307
Dividend Yield: 0%
EPS: $0.08
Profit Margin: 16.1%
ROE: 0.0051
Revenue: $4,917,500,000
Debt to Equity: 8.38
Current Ratio: 0.259
Quick Ratio: -0.287