<p>US authorities are investigating Goldman Sachs' work for Silicon Valley Bank in connection with the events surrounding the California bank's collapse, Goldman disclosed in a securities filing Thursday.</p>.<p>Goldman is "cooperating with and providing information to various governmental bodies" on its activities for SVB in March just before the tech-oriented bank went under, according to the filing.</p>.<p>Goldman has been criticized over its multiple roles with SVB, in which it was both advising the California bank and purchasing distressed debt in a deal that ultimately played a central role in SVB's collapse.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/us-fed-admits-to-failings-in-silicon-valley-bank-oversight-1213921.html" target="_blank">US Fed admits to failings in Silicon Valley Bank oversight</a></strong><br /> </p>.<p>SVB was seized by federal banking regulators on March 10 following a run on deposits after it reported two days earlier that it lost $1.8 billion from the sale of $21 billion in securities.</p>.<p>In the same March 8 press release, SVB said it enlisted Goldman in connection with a planned capital raise.</p>.<p>Markets viewed the disclosure of the trading losses as a sign of SVB's desperation to raise cash to meet liquidity needs as it suffered from deposit flight, ultimately leading to the bank's demise.</p>.<p>In Thursday's filing, Goldman said the government probes include "when SVB engaged the firm to assist with a proposed capital raise and SVB sold the firm a portfolio of securities," Goldman said.</p>.<p>The government probes follow a request from 20 House Democrats to US regulators urging an investigation of whether Goldman "operated at 'arm's length' in their role as advisor for SVB."</p>
<p>US authorities are investigating Goldman Sachs' work for Silicon Valley Bank in connection with the events surrounding the California bank's collapse, Goldman disclosed in a securities filing Thursday.</p>.<p>Goldman is "cooperating with and providing information to various governmental bodies" on its activities for SVB in March just before the tech-oriented bank went under, according to the filing.</p>.<p>Goldman has been criticized over its multiple roles with SVB, in which it was both advising the California bank and purchasing distressed debt in a deal that ultimately played a central role in SVB's collapse.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/us-fed-admits-to-failings-in-silicon-valley-bank-oversight-1213921.html" target="_blank">US Fed admits to failings in Silicon Valley Bank oversight</a></strong><br /> </p>.<p>SVB was seized by federal banking regulators on March 10 following a run on deposits after it reported two days earlier that it lost $1.8 billion from the sale of $21 billion in securities.</p>.<p>In the same March 8 press release, SVB said it enlisted Goldman in connection with a planned capital raise.</p>.<p>Markets viewed the disclosure of the trading losses as a sign of SVB's desperation to raise cash to meet liquidity needs as it suffered from deposit flight, ultimately leading to the bank's demise.</p>.<p>In Thursday's filing, Goldman said the government probes include "when SVB engaged the firm to assist with a proposed capital raise and SVB sold the firm a portfolio of securities," Goldman said.</p>.<p>The government probes follow a request from 20 House Democrats to US regulators urging an investigation of whether Goldman "operated at 'arm's length' in their role as advisor for SVB."</p>