Goldman Sachs Group subpoenaed

Associated Press

NEW YORK

Goldman Sachs Group Inc. was 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.

Shares of Goldman fell nearly 2 percent to $133.88 a share Thursday after Bloomberg News reported that the bank had been subpoenaed. Goldman’s shares are down 20 percent so far 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 also have made it the target of intense media scrutiny and public outrage.