Thursday, March 30, 2023
The Eulogy for the SVB Wine Division
Sunday, March 19, 2023
Living in two worlds
After decades in banking, I thought I'd seen everything. But last week, with a jolt to my system, I was unfortunately proven wrong. This would turn out to be one of the worst weeks in my life. I kept thinking I must be dreaming this!
Saturday, March 11, 2023
Silicon Valley Bank: What comes next?
For those who've read this blog before, you may notice the headline slide has changed from SVB on Wine, to Rob McMillan on Wine. I know I don't need to explain that change.
This is a horrible message for me to have to write. I was asked to stay silent the past few days by SVB but now that the die is cast, I thought I should sit down and share what I know.
To start, my employer formerly known as Silicon Valley Bank, no longer exists. I'm still processing the whole thing as are most people associated with the bank.
On Friday morning, clients, employees, bank suppliers and shareholders all awoke to the same news: SVB has been taken over by the FDIC. For everyone involved, there is a range of emotions to process; fear, anxiety, anger and so much more. I'm personally cycling through all of the same emotions.