Fed, SEC examine Goldman Sachs over Silicon Valley Financial institution’s securities portfolio: Report

Goldman Sachs (NYSE:) is at present going through scrutiny from the Federal Reserve and Securities and Trade Fee (SEC) relating to its involvement within the buy of Silicon Valley Financial institution’s securities portfolio previous to the financial institution’s collapse, The Wall Road Journal has reported, citing sources aware of the matter.

Based on the report, each companies are investigating Goldman Sachs’ actions throughout its failed capital elevate earlier than the collapse of SVB. The Justice Division has additionally reportedly issued a subpoena to Goldman Sachs as a part of its investigation into SVB.

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