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Goldman Sachs Under Investigation by Federal Reserve and SEC Over Role in Silicon Valley Bank’s Collapse

June 16 (Cointime) - Goldman Sachs is under investigation by the Federal Reserve and Securities and Exchange Commission (SEC) for its involvement in the purchase of Silicon Valley Bank's securities portfolio before the bank's collapse.

The agencies are reportedly investigating whether there were any improper communications between Goldman's investment banking division and its trading division regarding the sale of the portfolio.

Goldman Sachs has stated that it is cooperating with the investigations. Before its closure, Silicon Valley Bank was the 16th largest bank in the United States with assets of over $212 billion.

Goldman Sachs Federal Reserve Silicon Valley Bank
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