Goldman Sachs, GS, bought more than $21 billion worth of securities sold by Silicon Valley Bank last week, a transaction that was just before the collapse of Silicon Valley Bank

Goldman Sachs, $GS, bought more than $21 billion worth of securities sold by Silicon Valley Bank last week, a transaction that was just before the collapse of Silicon Valley Bank, per FT.

A $1.8 billion loss from a securities sale from Silicon Valley Bank kicked off market panic about California lender Silicon Valley Bank last week, per BI.

Silicon Valley Bank said last week: it had "completed the sale of substantially all of its available for sale securities portfolio" for $21 billion.

Silicon Valley Bank received approximately $21.45 billion for a portfolio of available for sale securities with a book value of approximately $23.97 billion, and that it was sold to Goldman "at negotiated prices."

After Silicon Valley Bank’s seizure, Goldman was also involved in the trading of around $700 million in bonds held by SVB Financial.

Read more about the collapse: unusualwhales.com/news