Subscribe to Our Newsletter

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn’t arrive within 3 minutes, check your spam folder.

Ok, Thanks

BREAKING: FDIC Seizes Silicon Valley Bank

The move follows what amounted to a massive run on the bank which had specialized in meeting the needs of technology companies.  The company's Wine Division represented only 2% of its loan portfolio.  Some 44% of its was to U.S. venture-backed technology and healthcare IPOs. Much of

Joel Whitaker profile image
by Joel Whitaker

The move follows what amounted to a massive run on the bank which had specialized in meeting the needs of technology companies.  The company's Wine Division represented only 2% of its loan portfolio.  Some 44% of its was to U.S. venture-backed technology and healthcare IPOs. Much of the rest was to established technology companies.

In many respects, SVB was a victim of the Federal Reserve's relentless raising of interest rates in an attempt to tamp down inflation.  

I'll have more in Kane's Beverage Week, which will be out later today.

Joel Whitaker profile image
by Joel Whitaker

Subscribe to New Posts

Lorem ultrices malesuada sapien amet pulvinar quis. Feugiat etiam ullamcorper pharetra vitae nibh enim vel.

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn’t arrive within 3 minutes, check your spam folder.

Ok, Thanks

Latest posts