Progressive Senator Elizabeth Warren is calling on Goldman Sachs to reveal the names of employees involved in its dealings with Silicon Valley Bank before its failure and disclose any communication between them.
By Steven T. Dennis | Bloomberg
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.
Warren, a Massachusetts Democrat, asked that Goldman name individual employees involved in advising SVB on its attempt to raise capital, the employees involved in the debt purchase, and whether they communicated during the weeks before SVB’s failure.
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