Goldman braces for federal subpoenas

Bank expects a demand for mortgage documents following the Senate sub-committee's report

Goldman Sachs executives expect to receive subpoenas soon from US prosecutors seeking more information about the securities firm's mortgage-related business, according to people familiar with the situation.

Officials at the New York company believe the Justice Department will demand certain documents and other information, possibly within days, these people said. Spokesmen for Goldman and the Justice Department declined to comment yesterday.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It