Subpoenas Issued to Goldman Sachs, JPMorgan, U.S. Senator Says
A Senate panel seeking evidence of fraud tied to last year’s mortgage crisis has issued subpoenas to financial companies including Goldman Sachs Group Inc. and JPMorgan Chase & Co., said U.S. Senator Tom Coburn, a Republican from Oklahoma.
Coburn declined to say whether subpoenas were issued to other institutions. Frankfurt-based Deutsche Bank AG, Germany’s biggest bank by assets, also was sent a subpoena, according to a person with knowledge of the inquiry, who declined to be identified because the request isn’t public.
Coburn declined to discuss what kinds of information was requested by the Permanent Subcommittee on Investigations. Coburn, the highest ranking Republican on the subcommittee, said he approved issuing the subpoenas with Subcommittee Chairman Carl Levin, a Michigan Democrat.
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