Goldman Sach’s Bond Responsible for SVB’s $1.8bn Loss
Deprecated: preg_split(): Passing null to parameter #3 ($limit) of type int is deprecated in /home/vongov/public_html/wp-content/themes/publisher/includes/libs/bs-theme-core/theme-helpers/template-helpers.php on line 767
SVB Financial Group (SIVB.O) has said that Goldman Sachs Group Inc (GS.N) 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 the Silicon Valley Bank. The loss on the…