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Home » Listen: Weekly Wrap discussion on Silicon Valley Bank

Listen: Weekly Wrap discussion on Silicon Valley Bank

AFN editors address the fallout from bank collapse on the auto finance industry

Riley WolfbauerbyRiley Wolfbauer
March 20, 2023
in Capital & Funding
Reading Time: 9 mins read
0
Listen: Weekly Wrap discussion on Silicon Valley Bank

© Can Stock Photo / tomas1111

Silicon Valley Bank entered Federal Deposit Insurance Corp. receivership on Friday in the wake of a run on the bank. The fallout has cascaded to the auto finance industry.   Electric vehicle (EV) financing startup Tenet, for one, held a $20 million warehouse line of credit with SVB, which is at risk following the bank’s […]

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