Goldman Sachs May Be Getting a $100 Million Payout Over the Silicon Valley Bank Collapse

Let’s step back a bit: In early March, Moody’s told SVB privately that it was facing a potential downgrade. In response, the bank reached out to Goldman for advice on how to right the ship.

It is possible that the $100 million fee doesn’t get paid out to Goldman. Some government officials are asking for a clawback of bonuses that SVB paid to executives and profits they made from selling stock. And the Justice Department, which is investigating SVB, has worked more generally to claw back incentives.

So what happens now? Nobody can know for sure, but it seems like the financial world’s eyes will certainly be trained on Goldman in the short term.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Silicon Valley Bank parent, CEO, CFO are sued by shareholders for fraudSVB Financial Group and two top executives were sued on Monday by shareholders who accused them of concealing how rising interest rates would leave its Silicon Valley Bank unit, which failed last week, 'particularly susceptible' to a bank run. Make bigger values since they will higher lawyers to justify their side. Ask not only loss and but also penalties and interest rates on the top of that. rightly done. Bank not only showed high level of incompetency but fraud as well.
Source: Reuters - 🏆 2. / 97 Read more »