Goldman Sachs Linked to SVB's $1.8 Billion Loss.
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
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