Wine
Early Signs: SVB's Premium Wine Division Will Find a Home, Other Lenders May Step Up
7 days ago | By Vine Pair
Silicon Valley Bank's sudden collapse last week sent tremors across the wine, finance, and venture capital industries, with the fear of lost funds prompting the federal government to take unprecedented action to guarantee all deposits.
As a leading lender to premium wineries on the West Coast, SVB played an integral role in providing liquidity and analytics to wine businesses, and its downfall created anxiety over the weekend. While the subsequent response from the federal government alleviated some concerns, industry experts suggest there are other issues more pressing than recent bank...
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