The financial fallout from Silicon Valley Bank's failure continues, and Goldman Sachs might be along for the ride.
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.
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