Thanks for that. I find it interesting that so many of the companies filing SVB-...

TMWNN on March 11, 2023 | parent | context | favorite | on: First Republic Bank files 8-K – Tech only 4% of to...

Thanks for that. I find it interesting that so many of the companies filing SVB-related 8-Ks (even if to say "we have no/minimal deposits with SVB") are biotech/pharma. Traditional tech gets most of the attention, but SVB has been the Bay Area's biotech banker as much as anyone else, and thanks to its specialized wine practice is probably even more dominant in that sector.

auntienomen on March 11, 2023 [–]

They have north of $1B in fine wine assets in their list of collateral! Presumably vinyards and maturing vintages.