What Are the Capital Requirements of American Banks?

Interest rates had gone up a lot in 2022, and these bonds were worth a lot less than they were being carried out on the balance sheet. The sale resulted in a loss of $751.4 million during the fourth quarter of 2022. Silvergate also had to write down a $196 million investment in certain developed technology assets related to running a blockchain-based payment network that it had bought in January 2022. So all in, there was a net loss of over $1.4 billion in the fourth Quarter of 2022.