Warren Raises New Questions About Goldman Sachs' Profits and Conflicts of Interest from Silicon Valley Bank Failure

Press Release

"Your bank played dual -- and conflicting -- roles with SVB, which has allowed Goldman Sachs to benefit even as SVB collapsed. Goldman Sachs acted as both the buyer of SVB-held bonds and the architect of failed efforts to raise capital for the bank, raking in profits and fees even as SVB was seized by the Federal Deposit Insurance Corporation (FDIC) in a failure that cost the Federal Deposit Insurance Fund $20 billion and caused "macro ripples' across the entire economy."

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"I am disappointed and troubled by your failure to provide complete answers to my questions. I am therefore writing to again reiterate the following questions, which I asked in June and which were not fully answered in your July response."

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