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Goldman Sachs' role in SVB's fundraise attempt under probe in US
short by Ashley Paul / on Thursday, 4 May, 2023
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.
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