The Wall Street Journal: The Federal Reserve and SEC are investigating Goldman Sachs regarding the Silicon Valley Bank incident, and the Department of Justice has issued a subpoena

2023-06-16 09:35:17

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ChainCatcher news, according to a report by The Wall Street Journal citing informed sources, the Federal Reserve and the Securities and Exchange Commission (SEC) are investigating Goldman Sachs. According to insiders, financing was conducted before the collapse of Silicon Valley Bank, and Goldman Sachs played a role in purchasing the securities portfolio of Silicon Valley Bank.

As part of the SVB investigation, the Department of Justice has also issued a subpoena to Goldman Sachs. Insiders indicate that the investigation into Goldman Sachs is part of the ongoing investigation by the SEC and the Department of Justice into the collapse of SVB. The Federal Reserve and the SEC are seeking documents related to Goldman Sachs' role as a buyer of the securities portfolio and as a financing advisor to SVB, and are examining whether Goldman Sachs' investment banking and trading departments had improper communications regarding the sale of the portfolio. (The Wall Street Journal)

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Goldman Sachs Silicon Valley Bank SEC

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