Tag Archive: Silicon Valley Bank
SVB Report Sees Continuing Headwinds, But Better Premium Wine Sales For 2024
Silicon Valley Bank’s Wine Division has issued its State of the U.S. Wine Industry 2024 report, predicting that the wine market will continue to face headwinds this year, with volume projected to decline once again. Continue reading →
Posted in News on January 19, 2024News Briefs for March 30, 2023
•Silicon Valley Bank’s assets and liabilities have been bought by First Citizens Bank & Trust, a North Carolina–based bank that has been quietly growing over the last decade, now one of the 20 largest banks in the United States. Continue reading →
Posted in News on March 30, 2023First Citizens To Acquire Much Of Silicon Valley Bank
Much of the assets of California’s Silicon Valley Bank are being acquired by First Citizens, the FDIC announced yesterday. Continue reading →
Posted in News on March 27, 2023Wine Spectator: The Collapse Of Silicon Valley Bank
Shockwaves went through the California wine industry this past weekend after Silicon Valley Bank (SVB) collapsed Friday morning. Continue reading →
Posted in News on March 16, 2023Feds Hunting A Buyer For Silicon Valley Bank
U.S. government regulators failed to find a buyer for collapsed California institution Silicon Valley Bank in their first attempt over the weekend, but they’re reportedly aiming to hold a new auction aimed at finding a home for its assets, which include a wine division with over $1 billion in loans to the wine industry.
U.S. Government Steps In To Backstop Silicon Valley Bank, Billion-Dollar Lender To The Wine Industry
The sudden failure of Silicon Valley Bank (SVB), a billion-dollar lender to the wine industry, sent shockwaves through the business late last week, causing concern among depositors, those with loans through the bank, and industry observers wary of the longer term effects to doing business in wine country. Continue reading →
Posted in News on March 13, 2023
