---
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"
generated_at: "2026-06-18T04:02:32.060596+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# SVB Financial subsidiary sold $23.97B securities portfolio at $1.8B loss to Goldman Sachs on March 8

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-070254
- form_type: 8-K
- cik: 0000719739
- company_name: SVB FINANCIAL GROUP
- filed_at: 2023-03-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-070254
- JSON: https://secwatch.observer/filing/0001193125-23-070254.json
- Plain text: https://secwatch.observer/filing/0001193125-23-070254.txt

## Key facts
- M&A Transactions
  SVB FINANCIAL GROUP completed a disposition involving Goldman Sachs & Co. LLC for $21.45 billion (closed 2023-03-08).
  - Action: disposition
  - Counterparty: Goldman Sachs & Co. LLC
  - Consideration: $21.45 billion
  - Closing: 2023-03-08
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/719739/000119312523070254/0001193125-23-070254-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.