Goldman Sachs bought the SVB bonds whose $1.8 billion loss set off the startup lender's meltdown

Business Insider

15 Mar 2023 0 shares 1 views

Business Insider

Published 15 Mar 2023

The huge losses experienced by Silicon Valley Bank on its bond fire sale sparked the lender's meltdown, marking the biggest bank failure since 2008.

Goldman bought the portfolio SVB reportedly booked losses on

Goldman Sachs was the purchaser of the bond portfolio that Silicon Valley Bank booked a $1.8 billion loss on, setting SVB's failure..

Upworthy 16 Mar 2023

SVB Financial Group said on Tuesday that Inc (NYSE: ) was the acquirer of a bond portfolio on which it booked a $1.8 billion loss,..

Upworthy 15 Mar 2023