US authorities are investigating Goldman Sachs' work for Silicon Valley Bank in connection with the events surrounding the California bank's collapse, Goldman disclosed in a securities filing Thursday.
Trading in the shares of Western Alliance Bancorporation was halted on Thursday as they plunged 25% in value after the Phoenix-based lender joined Los Angeles-based PacWest in becoming the latest US banking casualties.
A consortium of 11 US private banks, including Bank of America, Citigroup and JPMorgan Chase, announced they would deposit $30 billion into First Republic.