Goldman Sachs Cooperating With U.S. Credit-Swaps Inquiry
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Goldman Sachs Group Inc., the fifth-largest U.S. bank by assets, said it’s cooperating with the U.S. Department of Justice’s four-year-old antitrust probe into the credit-default swaps market.
The firm has received civil investigative demands related to the investigation, New York-based Goldman Sachs said in a regulatory filing today. 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.