Goldman Sachs has received a subpoena from the Manhattan District Attorney’s office, which is looking for information on the bank’s activities leading up to the financial crisis, two sources “familiar with the matter” told Bloomberg.“We don’t comment on specific regulatory or legal issues, but subpoenas are a normal part of the information request process and, of course, when we receive them we cooperate fully,” Goldman spokesman David Wells said.
The subpoena is apparently based on information contained in a Senate Permanent Subcommittee on Investigations report on Wall Street’s role in the housing market collapse. The report was critical of Goldman Sachs, and accused the bank of misleading buyers of mortgage-linked investments.
According to The New York Times, lawyers for Goldman Sachs met two weeks ago with the attorney general of New York’s office for “an ‘exploratory’ meeting about the Senate report.'”