Goldman Sachs co-operating with DOJ over credit swaps probe

Lloyd Fonzie Blankfein

Goldman Sachs said it’s cooperating with the U.S. Department of Justice’s four-year-old antitrust probe into the credit-default swaps market.

Bloomberg News reports that the firm has received civil investigative demands related to the investigation, New York-based Goldman Sachs said in a regulatory filing yesterday, Thursday.

The bank was among more than a dozen financial institutions accused by the European Union last month of colluding to curb competition in credit derivatives.

Morgan Stanley and Citigroup also said in filings last week that they were cooperating with the probe.

The Justice Department sent civil investigative notices in July 2009 to the banks that own London-based Markit Group Ltd., a provider of data on derivatives and bonds, to find out if they had unfair access to price information, three people familiar with the matter said at the time.

To access the full Bloomberg article hit the link below.

Goldman Sachs Cooperating With U.S. Credit-Swaps Inquiry

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