Goldman Sachs' headaches stemming from its work on a Malaysian state wealth fund are growing.
The bank is under investigation by the New York Department of Financial Services, according to a source. The department sent a letter to Goldman requesting information regarding its work on Malaysian fund 1MDB and whether its dealings comply with New York state banking regulations. The inquiry is not a subpoena, but instead an information-gathering effort.
The department is pushing for the bank to reply by Wednesday.
Both Goldman and the DFS declined to comment when contacted by CNBC.