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| Title: Senate probes Goldman, Deutsche: report |
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The paper said the focus of the investigation is on whether internal communications show executives at the banks had private doubts on the soundness of the mortgage-related securities they were putting together. The people told the paper Washington Mutual Inc, which is now mostly owned by JP Morgan Chase & Co, was also issued a subpoena by the U.S. Senate Permanent Subcommittee on Investigations The paper said several other financial institutions may also have received subpoenas from the sub-committee that is headed by Senator Carl Levin. A Goldman Sachs spokesman declined to comment on the subpoena to the paper, while Deutsche Bank did not immediately respond to a request for comment by the paper. Subcommittee investigators declined to comment to the paper. A subcommittee subpoena raises factual questions and asks for various company correspondence, the paper said, citing a person who reviewed it. The U.S. Senate and Goldman Sachs could not be reached for comment by Reuters after regular U.S. business hours, while a Deutsche Bank spokeswoman in Hong Kong declined immediate comment. (Reporting by Ajay Kamalakaran in Bangalore; Editing by Anshuman Daga) Full article |
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| Senate probes Goldman, Deutsche: report |