Goldman Sachs Expects Subpoena Over Mortgage Business

The Wall Street Journal is reporting that Goldman Sachs GS expects to be soon served with subpoenas from the U.S. government related to its mortgage-related business. Citing people familiar with the matter, the Journal notes that executives from the bank expect the Justice Department to ask for documents and other information within days. Goldman Sachs has already faced intense public scrutiny over its actions within the last decade. It has already settled with the government for more than $500 million over one sour client deal it orchestrated. Critics have been particularly harsh on the prosecutors for the lack of charges brought against financial executives responsible for the financial meltdown. Big banks have been easy targets in public discourse. A representative of Goldman Sachs declined to comment. Goldman Sachs is a global investment banking, securities and investment management company providing a range of financial services to a client base that includes corporations, financial institutions, governments and high-net-worth individuals.