SANTA CLARA, CALIFORNIA - MARCH 10: A man walks by the headquarters of Silicon Valley Bank on March 10, 2023 in Santa Clara, California. The bank’s collapse is having an effect on another important California industry: fine wines. We literally have every single penny in Silicon Valley Bank,” Kalb said Friday, pegging the deposit amount that’s now tied up at millions of dollars. AdvertisementSan Francisco-based employee performance management company Confirm.com was among the Silicon Valley Bank depositors that rushed to pull their money out before regulators seized the bank. But he worries for friends whose livelihoods are more deeply intertwined with the tech industry and Silicon Valley.

Source: Huffington Post March 12, 2023 01:52 UTC