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.
Tag: Goldman Sachs Group Inc
-
Troubles at Silicon Valley Bank Rock the Global Stock Market.
Shares in the bank, a go-to funder of tech start-ups, have fallen more than 60 percent in the past day as investors fear for its finances, and those of similarly sized lenders.
-
Former Goldman Banker Gets 10 Years in Prison for His Role in 1MDB Scandal
Roger Ng, who was convicted of bribery and money-laundering charges last year, was sentenced to a 10-year prison term.
-
How Biden Is Seeking to Reshape Business via the CHIPS Act
Big strings are attached to funding for chip makers, meant to bolster Democratic priorities including child care for workers and discouragement of stock buybacks.