SEC puts Goldman on notice
US regulators have notified Goldman Sachs and Wells Fargo that the banks may be hit by civil cases relating to sub-prime mortgage securities. Goldman said in a filing that the Securities and Exchange Commission has given it a “Wells notice” relating to a $1.3bn bond deal in 2006, which is intended to give a bank time to mount a defence against an impending legal action. Wells Fargo said in a separate regulatory filing that it also faces investigations.