Aug. 8 (Bloomberg) -- 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.
Morgan Stanley and Citigroup Inc. 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.
Markit’s shareholders included Goldman Sachs, JPMorgan Chase & Co., Bank of America Corp., and Royal Bank of Scotland Group Plc, according to filings with the U.K.’s Companies House at the time. Bloomberg LP, the owner of Bloomberg News, competes with Markit in selling information to the financial-services industry.
To contact the reporter on this story: Michael J. Moore in New York at email@example.com