Goldman Faces Lawmakers’ Demands for US Probe of Role With SVB
- Request follows disclosure that Goldman served as an adviser
- Group of 20 House Democrats sends letter to federal regulators
Goldman Sachs Group headquarters in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
A group of US lawmakers from California are asking for a federal investigation into what role Goldman Sachs Group Inc. might have played in the collapse of Silicon Valley Bank.
A letter Friday from 20 Democratic House members — led by Representative Adam Schiff — asks the Justice Department, the Securities and Exchange Commission and the Federal Deposit Insurance Corp. to include the New York-based investment bank in their preliminary investigations.