Published by
Reuters
Reuters
By Echo Wang, Lananh Nguyen and David French NEW YORK (Reuters) – As SVB Financial Group wrestled with a capital shortfall and the prospect of a downgrade to its credit rating last week, it went to Goldman Sachs Group Inc and worked out an unusual two-part plan, according to people familiar with the discussions. The investment bank would buy a $21.5 billion bond portfolio from SVB to boost its coffers, after startups began pulling their deposits from the technology-focused lender, which does business as Silicon Valley Bank. But there was a hitch. Goldman’s offer for the portfolio was worth $1….