Particle.news

Download on the App Store

Government probes role of Goldman Sachs in Silicon Valley Bank collapse

  • US government agencies are investigating Goldman Sachs' involvement in Silicon Valley Bank's failed attempt to raise funds.
  • Goldman Sachs is cooperating with the investigations into its role regarding Silicon Valley Bank.
  • Goldman Sachs acquired $24 billion in bonds from Silicon Valley Bank at a loss and tried unsuccessfully to help the bank raise $2.2 billion.
  • Silicon Valley Bank failed after Goldman Sachs couldn't complete the fundraising deal, leading to a run on the bank and its collapse.
  • Lawmakers had pushed for a federal investigation into Goldman Sachs' part in Silicon Valley Bank's downfall.
Hero image