NEW YORK — Goldman Sachs Group Inc. has been subpoenaed by the Manhattan district attorney’s office over the investment bank’s activities leading up to the financial crisis, a person familiar with the matter told The Associated Press on Thursday.
Shares of Goldman fell nearly 2 percent, to $133.88 a share, after Bloomberg News reported earlier Thursday that the bank had been subpoenaed. The stock ended the day down 1.3 percent, at $134.38 a share. Goldman’s shares are down 20 percent this year and are at levels not seen since last July.
Goldman has been watched by lawmakers and regulators since marketing risky investments that bet on the housing market’s success just before the mortgage meltdown. Simultaneously, the bank reaped billions of dollars from its own bets that the housing market would collapse. Those gains have also made it the target of intense media scrutiny and public outrage.
The subpoena follows the April release of a Senate report that showed Goldman had steered investors toward mortgage securities it knew would likely fail.
