“SAN FRANCISCO (MarketWatch) — Goldman Sachs Group received a subpoena from the Manhattan District Attorney seeking information about the investment bank’s activities heading into the global financial crisis, according to a published report Thursday.
Bloomberg News reported the news Thursday, citing two unidentified people familiar with the matter.
Goldman shares fell 1.5% to $134.08 in morning action Thursday, leaving them down 20% so far this year. That’s the worst performance among the largest U.S. bank and brokerage firms including J.P. Morgan Chase JPM -0.67% , Bank of AmericaBAC +0.69% , Citigroup C +0.48% and Morgan Stanley MS -0.52% .
“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,” GoldmanGS -1.38% spokesman David Wells said in an email to MarketWatch.”
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