Goldman Sachs loses around $200 million in market upheaval following SVB collapse - FT

March 17, 2023 2:42 PM EDT

FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo

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(Reuters) -Goldman Sachs Group Inc lost around $200 million in the market turmoil after the collapse of Silicon Valley Bank, the Financial Times reported on Friday, citing people familiar with the matter.

The losses came from a trading desk at Goldman that handles interest rate products, according to the report.

Goldman declined to comment.

(Reporting by Niket Nishant in Bengaluru; Editing by Shounak Dasgupta)

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