The Federal Reserve and the Securities and Exchange Commission are investigating Goldman Sachs’ (GS) role in buying Silicon Valley Bank’s securities portfolio before the bank’s failure, people familiar with the matter tell The Wall Street Journal’s AnnaMaria Andriotis, Corrie Driebusch and Dave Michaels. The Justice Department has also subpoenaed Goldman as part of its investigation into SVB, the report said.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on GS:
- Goldman Sachs (NYSE:GS) Faces Fed, SEC Probe Over SVB Fiasco
- Goldman Sachs to take more painful cost-cutting measures, Reuters says
- Citigroup Stock (NYSE:C): CFO Paints Challenging Picture for Q2
- Investing in Apple’s (NASDAQ:AAPL) Ecosystem: 3 Stocks Helping Shape Tech’s Future
- UBS cutting ties with Odey Asset Management, FT reports