Goldman Sachs' Lucrative Deal with Silicon Valley Bank

Goldman Sachs is expected to receive over $100 million for buying $21.4 billion of debt from Silicon Valley Bank, which ultimately failed to save the bank from collapse. Goldman also advised the bank on a last-minute capital raise. The compensation Goldman received and how it managed its relationship with the bank could raise questions. The fees may also be subject to regulatory scrutiny and clawback demands from lawmakers. Meanwhile, BlackRock's CEO warns that the banking sector will need to transform itself in the wake of the collapse of Silicon Valley Bank to survive.