Fed, SEC investigate Goldman Sachs over Silicon Valley Bank’s securities portfolio: Report
Cointelegraph
Published Jun 15, 2023 05:43PM ET
Updated Jun 15, 2023 07:20PM ET
Goldman Sachs (NYSE:GS) is currently facing scrutiny from the Federal Reserve and Securities and Exchange Commission (SEC) regarding its involvement in the purchase of Silicon Valley Bank’s securities portfolio prior to the bank’s collapse, The Wall Street Journal has reported, citing sources familiar with the matter.
According to the report, both agencies are investigating Goldman Sachs’ actions during its failed capital raise before the collapse of SVB. The Justice Department has also reportedly issued a subpoena to Goldman Sachs as part of its investigation into SVB.
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Written By: Cointelegraph
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