Goldman's Role in SVB Probed by DOJ, SEC Officials

The video discusses the collapse of SVB and the subsequent investigation into Goldman's role. Michael Moore explains that while Goldman is part of the probe, it is not the sole focus. The investigation aims to uncover any wrongdoing. Goldman, known for handling multiple roles for clients, faced scrutiny for buying assets from SVB while advising them on capital raising. Despite potential conflicts, Goldman maintained clarity on their roles. The discussion highlights the complexities of financial advisory roles and the impact of such investigations on financial institutions.

What implications does the SVB collapse have for the banking industry?

In what ways did Goldman communicate their roles to SVB?