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Regulatory Filing

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Goldman Sachs Under Investigation for Role in Silicon Valley Bank Collapse
business2 years ago

Goldman Sachs Under Investigation for Role in Silicon Valley Bank Collapse

The US authorities are investigating Goldman Sachs' work for Silicon Valley Bank, including its advice to sell a large portfolio of securities at a loss, according to a regulatory filing by Goldman. The collapse of Silicon Valley Bank led to a crisis of confidence that has led to the failure of two more regional lenders and a panic in the stock market over the fate of others. Goldman said it was cooperating with and providing information to various governmental bodies in connection with their investigations and inquiries.