SEC and Federal Reserve investigate Goldman Sachs over SVB collapse - reports

Goldman Sachs was both buyer of SVB's securities portfolio and adviser on its capital raise, with the investigation examining whether its investment banking arm and trading division improperly communicated. In the weeks before it collapsed, SVB hired the bank to help it raise capital, while its trading division bought SVB's $21bn portfolio of available-for-sale debt securities at a discount to market value. Meanwhile, the Justice Department has allegedly subpoenaed Goldman Sachs as part of its investigation into the SVB collapse. HSBC channels former SVB UK arm into 'Innovation B...