SVB says Goldman Sachs was the buyer of portfolio it booked losses on

SVB says Goldman Sachs was the buyer of portfolio it booked losses on

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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, a transaction that set in motion the failure of SVB. The loss on the portfolio was the reason SVB, a technology-focused lender known as Silicon Valley Bank, attempted…

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