Goldman Sachs, the fifth-biggest U.S. bank by assets, received a subpoena from the Manhattan District Attorney's Office seeking information on the firm's activities leading into the credit crisis, according to two people familiar with the matter.

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Goldman Sachs, the fifth-biggest U.S. bank by assets, received a subpoena from the Manhattan District Attorney’s Office seeking information on the firm’s activities leading into the credit crisis, according to two people familiar with the matter.

The subpoena relates to the U.S. Senate’s Permanent Subcommittee on Investigations report on Wall Street’s role in the collapse of the financial markets, which accused Goldman Sachs of misleading buyers of mortgage-linked investments, the people said, speaking on condition of anonymity because the inquiry isn’t public.

Goldman Sachs’ shares have dropped 16 percent since the Senate subcommittee, led by Michigan Democrat Carl Levin, used the firm as a case study in a 640-page report on its findings released in April. At the time, Levin said Goldman Sachs had also misled Congress about the company’s bets on the housing market. The firm has said its testimony was truthful.

“We don’t comment on specific regulatory or legal issues, but subpoenas are a normal part of the information request process and, of course, when we receive them we cooperate fully,” David Wells, a company spokesman, said Thursday.

A subpoena is a request for information and doesn’t mean the company is a target of a criminal investigation.

Analysts including Sanford C. Bernstein & Co.’s Brad Hintz have said they don’t expect the firm to be criminally prosecuted.

Erin Duggan, chief spokeswoman for Manhattan District Attorney Cyrus Vance Jr., declined to comment.

The Senate report was referred to the U.S. Department of Justice and the Securities and Exchange Commission, which are also investigating.

Levin said when his report was released that federal prosecutors should review whether to bring perjury charges against Goldman Sachs Chairman and Chief Executive Officer Lloyd Blankfein, 56, and other current and former employees who testified to Congress last year.

Levin said they denied under oath that Goldman Sachs took a financial position against the mortgage market solely for its own profit, statements the senator said were untrue.

Goldman Sachs met last month with New York Attorney General Eric Schneiderman’s office as part of his examination of mortgage securitization before the housing collapse, according to a person familiar with the matter, who spoke on the condition of anonymity because the probe isn’t public. The meeting took place within the past two weeks, the person said.

Schneiderman has been conducting a broad examination of mortgage practices and the packaging and sale of loans to investors, according to the person. JPMorgan Chase, UBS, Deutsche Bank, Bank of America, Morgan Stanley and the Royal Bank of Scotland also are part of that investigation, the person said. Four bond insurers have been subpoenaed as well.

Lauren Passalacqua, a spokeswoman for Schneiderman, declined comment, as did Goldman Sachs’ Wells.

Last year Goldman Sachs paid $550 million to settle SEC claims related to its marketing of the complex securities known as collateralized debt obligations (CDOs).

The settlement resolved claims that the company failed to disclose that hedge fund Paulson & Co. was betting against, and influenced the selection of, CDOs the company was packaging and selling.

To date, Goldman also is being investigated by Massachusetts state regulators, the Commodities Futures Trading Commission and the Financial Industry Regulatory Authority, according to Brad Hintz, an analyst at Sanford Bernstein.

Hintz, in a report that came out on Wednesday, noted that Goldman has been losing in the court of public opinion. But he believed the firm was too big to be charged criminally because of the strain such a prosecution could put on the financial system and economy.

“Indicting a ‘too big to fail’ financial institution, like Goldman Sachs, is a dangerous undertaking,” Hintz said in the report.

Material from The Associated Press is included in this report.