'Fed, SEC Probing Goldman Sachs's Role in SVB's Final Days; The Justice Department Has Subpoenaed Goldman Over The Silicon Valley Bank Matter, Say People Familiar With The Matter' - WSJ
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The Federal Reserve and SEC are investigating Goldman Sachs's role in the final days of Silicon Valley Bank (SVB), with the Justice Department subpoenaing Goldman over the matter, according to sources.
June 15, 2023 | 6:50 pm
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NEGATIVE IMPACT
Goldman Sachs is under investigation by the Federal Reserve and SEC for its role in the final days of Silicon Valley Bank.
The investigation by the Federal Reserve and SEC, along with the Justice Department subpoena, could lead to potential legal and regulatory consequences for Goldman Sachs. This negative news may cause short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Silicon Valley Bank's final days are being investigated by the Federal Reserve and SEC, focusing on Goldman Sachs's role in the matter.
The investigation into Silicon Valley Bank's final days may uncover potential wrongdoings or mismanagement, which could negatively impact the stock price in the short term. The focus on Goldman Sachs's role adds to the uncertainty surrounding the situation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100