Thursday, 23 March 2023


Democratic lawmakers urge US to probe Goldman Sachs’ role in SVB collapse By Reuters

Democratic lawmakers urge US to probe Goldman Sachs' role in SVB collapse

© Reuters. FILE PHOTO: The Silicon Valley Bank branch office is pictured in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki/File Photo

WASHINGTON (Reuters) – A group of Democratic U.S. lawmakers sent a letter to regulators and the Justice Department requesting a probe into the role of Goldman Sachs Group Inc (NYSE:) in the collapse of the Silicon Valley Bank, the office of U.S. Representative Adam Schiff said on Friday.

The letter was sent to U.S. Attorney General Merrick Garland, Securities and Exchange Commission Chairman Gary Gensler, and Federal Deposit Insurance Corporation Chair Martin Gruenberg from Schiff and 19 other members of the California congressional delegation.

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