US authorities probe Goldman Sachs over Silicon Valley Bank collapse

Goldman has been criticised over its multiple roles with Silicon Valley Bank, in which it was both advising the California bank and purchasing distressed debt in a deal that ultimately played a central role in SVB's collapse. SVB was seized by federal banking regulators on March 10 following a run on deposits after it reported two days earlier that it lost $1.8 billion from the sale of $21 billion in securities. https://ift.tt/8BDCgAM