Goldman Faces Lawmakers’ Demands for US Probe of Role With SVB

A group of US lawmakers from California are asking for a federal investigation into what role Goldman Sachs Group Inc. might have played in the collapse of Silicon Valley Bank.

A letter Friday from 20 Democratic House members — led by Representative Adam Schiff — asks the Justice Department, the Securities and Exchange Commission and the Federal Deposit Insurance Corp. to include the New York-based investment bank in their preliminary investigations.

The request follows disclosures that Goldman Sachs served both as an adviser to the failed bank in late February and as the buyer of a $21 billion securities ...