Silicon Valley Bank had booked a $1.8 billion loss on the sale of a bond portfolio to Goldman. Goldman had disclosed last month it was cooperating with government probes into its dealings with Silicon Valley Bank. In March, Reuters reported U.S. prosecutors were investigating the collapse of Silicon Valley Bank. An SEC spokesperson said in an emailed statement the agency "does not comment on the existence or nonexistence of a possible investigation". Silicon Valley Bank's demise sent shockwaves through the industry and brought on the worst crisis for the sector in 15 years.

Source: Wall Street Journal June 16, 2023 11:43 UTC