Elizabeth Warren Presses Goldman Sachs to Name Bankers on Silicon Valley Bank Deal
- New Senate scrutiny of Goldman’s role ahead of SVB failure
- Warren asks whether Goldman employees communicated on deal
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Progressive Senator Elizabeth Warren wants Goldman Sachs to name employees involved in its dealings with Silicon Valley Bank ahead of the financial institution’s failure and disclose whether they communicated with each other.
Warren’s requests, made in a letter dated Monday, ratchets up congressional scrutiny of the dual roles Goldman played in the days leading up to SVB’s failure, as its investment bankers advised the company on raising capital and its trading division purchased a $24 billion loan portfolio from the bank at a discount. Warren is a member of the Senate Banking Committee.