Silicon Valley Bank collapse impacts Washington wineries, tech industry

Описание к видео Silicon Valley Bank collapse impacts Washington wineries, tech industry

Fallout continues after Silicon Valley Bank collapsed. It’s the second largest bank failure in U.S. History only behind Seattle-based ‘Washington Mutual’ back in 2008.

The closure impacted businesses across Puget Sound.

“The wine industry was pretty shocked and surprised,” said Erik McLaughlin, Ceo of Metis who advises wineries in the Pacific Northwest.

“We see them as one of the very best in the industry so everybody was caught off guard by it,” McLaughlin said.

Federal regulators are now in charge of Silicon Valley Bank after its closure Friday. The bank mostly served tech workers but also a huge asset to the wine industry.

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