Connect with us

Hi, what are you looking for?

Investing

Goldman Sachs’s stock pares gains on report of SEC probe into purchase of securities from Silicon Valley Bank

Goldman Sachs Group Inc.’s stock fell back Thursday after bigger gains earlier in the session after the Wall Street Journal reported that the Securities and Exchange Commission is investigating the role of the bank in buying securities from Silicon Valley Bank prior to that bank’s collapse in March.

A spokesperson for Goldman Sachs said the bank had urged Silicon Valley Bank to hire an outside adviser regarding a proposed sale of securities to cover a sudden drop in deposits at the bank in early March.

Goldman…

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Videos

Watch full video on YouTube

Videos

Watch full video on YouTube

Videos

Watch full video on YouTube

Videos

Watch full video on YouTube