{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-070254","form_type":"8-K","ticker":null,"cik":"0000719739","company_name":"SVB FINANCIAL GROUP","filed_at":"2023-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.872525+00:00","generated_at":"2026-06-18T04:02:32.060596+00:00","sec_items":["2.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"SVB Financial subsidiary sold $23.97B securities portfolio at $1.8B loss to Goldman Sachs on March 8","bullets":["Silicon Valley Bank sold AFS securities with book value ~$23.97B for net proceeds ~$21.45B, incurring after-tax loss of ~$1.8B.","Buyer: Goldman Sachs & Co. LLC; sale completed on March 8, 2023, prior to FDIC receivership.","The sale reflects SVB's attempt to raise cash amid a deposit run that led to its collapse.","Transaction occurred before the bank was closed by regulators on March 10, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-070254","json":"https://secwatch.observer/filing/0001193125-23-070254.json","markdown":"https://secwatch.observer/filing/0001193125-23-070254.md","text":"https://secwatch.observer/filing/0001193125-23-070254.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/719739/000119312523070254/0001193125-23-070254-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/719739/000119312523070254/d487554d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T04:02:32.060596+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cb669bcd075c7a2342f4b02c5af59d3e14b8dc40","claim":"SVB FINANCIAL GROUP completed a disposition involving Goldman Sachs & Co. LLC for $21.45 billion (closed 2023-03-08).","evidence_excerpt":"on March 8, 2023, Silicon Valley Bank completed the sale of a portfolio of available for sale securities with a book value of approximately $23.97 billion for net proceeds of approximately $21.45 billion (resulting in an after tax loss of approximately $1.8 billion).","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/719739/000119312523070254/0001193125-23-070254-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Goldman Sachs & Co. LLC"},{"label":"Consideration","value":"$21.45 billion"},{"label":"Closing","value":"2023-03-08"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}