SVB’s Wine-Lending Executives Exploring Options to Revive Unit

March 15, 2023, 6:29 PM UTC

Executives overseeing SVB Financial Group’s wine-lending portfolio, which was part of the Silicon Valley Bank unit that collapsed into federal receivership last week, are exploring options that would allow the business to continue in some way.

The executives are pitching options that would allow for both the winery-focused banking business and the research and analysis arms to continue. They’ve fielded interest from nearly half a dozen parties, including banks, private equity firms and real estate investment trusts, though it’s unclear if the Federal Deposit Insurance Corp., which assumed control of the bank late last week, would consider selling ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.