Goldman Sachs Acquires Portfolio with Reported Losses from SVB.

Goldman Sachs purchased the bond portfolio that caused Silicon Valley Bank to book a $1.8 billion loss, leading to the bank's failed attempt at a $2.25 billion stock sale. The portfolio consisted mainly of U.S. Treasuries and had a book value of $23.97 billion. The transaction was carried out "at negotiated prices" and netted the bank $21.45 billion in proceeds. The purchase was handled by a division separate from the unit that handled SVB's stock sale. Silicon Valley Bank was shut down by the FDIC after losing $2 billion, becoming the largest bank failure since the financial crisis.