Goldman Sachs' Involvement in SVB's Portfolio Losses and Equity Issue
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.