Hired to help with a capital raise, Goldman Sachs advised SVB to make a move that provoked a public panic and ended with the smaller bank collapsing.
Category: Goldman Sachs Group Inc
-
Markets Expect Fed to Raise Rates Despite Bank Turmoil
A ‘shock pause’ by the central bank would spook an already jittery market, one analyst said, even as shares in regional lenders fall.
-
Not Just a D.J., Goldman C.E.O. Also Dabbles in Luxury Real Estate
David Solomon is an adviser to and part owner of a private real estate company that Goldman Sachs has sought to do business with.
-
Goldman Sachs Earnings Disappoint Investors
The Wall Street giant’s latest financial results show how its push into consumer banking remains a drag on its overall business.
-
Goldman Sachs Sheds Consumer Loans as Losses Mount
The Wall Street bank sold off some loans from its consumer-banking arm, Marcus, revealing a nearly $500 million loss in the business.
-
Earnings Season Arrives With Recession Fears Front and Center
Investors will be closely watching whether worries about an economic slowdown dent corporate profits, and lead to further layoffs.
-
Jamie Dimon Reprises 2008 Role as Rescuer of a Failing Bank
The New York Times – Business:The JPMorgan chief executive led an effort to raise $30 billion for First Republic, but no one is sure if it did any good.
-
Will the Fed Raise Interest Rates During a Banking Crisis?
The New York Times – Business:The central bank’s decision on interest rates on Wednesday is shaping up to be the most consequential of the Jerome Powell era.
-
UBS and Other Bank Stocks Fall After Credit Suisse’s Firesale
The New York Times – Business:Investors are still spooked after UBS bought its Swiss peer, with confidence in the banking sector in short supply.
-
Goldman Sachs Draws Scrutiny Over Money Earned on Silicon Valley Bank Deal
The New York Times – Business:Goldman bought a bond portfolio on which the bank had booked a $1.8 billion loss, while also trying to raise capital for the bank in its last days.