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.
Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News