Silvergate Bank may have survived if not for pressure from U.S. regulators, according to Nic Carter, a partner at Castle Island Ventures.
Silvergate has agreed to a $50 million civil penalty, while Lane and Fraher have agreed to pay $1 million and $250,000, respectively.
CEO Alan Lane and legal chief John Bonino left on August 15 while the chief finance officer, Antonio Martino, will leave on September 30.
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