Goldman Sachs' Involvement in SVB's Portfolio Losses and Equity Issue
TL;DR Summary
Goldman Sachs played a central role in the final days of Silicon Valley Bank, purchasing securities from the bank while also attempting a $2.25 billion capital raise. The bank ultimately failed and was seized by regulators on Friday. Goldman also facilitated the trading of around $700 million in bonds held by SVB Financial after the seizure. The sale of securities to Goldman provided liquidity for the bank but also created a $1.8 billion after-tax loss.
Topics:business#capital-raise#finance#goldman-sachs#market-panic#securities-sale#silicon-valley-bank
- The roles Goldman Sachs played in the final days of Silicon Valley Bank Yahoo Finance
- SVB says Goldman Sachs was the buyer of portfolio it booked losses on Reuters.com
- Goldman bought the portfolio SVB reportedly booked losses on Fox Business
- SVB Financial confirms that Goldman was buyer of underwater securities last week Seeking Alpha
- Dissecting Goldman's gory $2.25bn SVB equity issue Financial Times
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