Goldman Sachs stock falls into the red on WSJ report of SEC probe into the bank’s role in securities sales prior to Silicon Valley Bank failure

Goldman Sachs Group Inc. GS stock is down 0.5%, reversing gains from earlier in the session, after The Wall Street Journal reported that the Securities and Exchange Commission is investigating the role of the bank in buying Silicon Valley Bank’s securities portfolio prior to the bank’s collapse in March. Citing people familiar with the probe, the newspaper reported that the Justice Department has also issued a subpoena to Goldman as part of its broader investigation of Silicon Valley Bank. The inquiries are included in a broader probe that has been publicly disclosed. A Goldman spokesperson did not immediately comment.