Goldman Sachs' role in SVB's fundraise attempt under probe in US
Goldman Sachs Group's role in collapsed Silicon Valley Bank's (SVB) attempt to raise funds in March is under review by US government. SVB offloaded a $24 billion portfolio to Goldman at a loss and sought the latter's help in raising over $2.2 billion to cover the shortfall, according to disclosures. Goldman couldn't pull off the deal, leading to SVB's collapse.