Banking Turmoil

Fed, SEC Probing Goldman Sachs’s Role in SVB’s Final Days

Justice Department has subpoenaed Goldman over Silicon Valley Bank matter

Silicon Valley Bank’s swift collapse prompted regulators to implement a series of emergency measures to stem the fallout and shore up confidence in the banking system. WSJ’s Gunjan Banerji explains how the week unfolded. Illustration: Jacob Reynolds

The Federal Reserve and the Securities and Exchange Commission are investigating Goldman Sachs’s role in buying Silicon Valley Bank’s securities portfolio while it was working on its doomed capital raise before the bank’s failure, according to people familiar with the matter.

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