Citi It’s Not Involved In SEC’s Goldman Lawsuit, John Gerspach

Citigroup Inc. (C) CFO John Gerspach said Monday that his firm is not involved with the Securities and Exchange Commission’s lawsuit against Goldman Sachs (GS).

Dow Jones: “Citi is not involved in the matter the SEC announced on Friday,” Gerspach said during a conference call with reporters to discuss the New York bank’s first-quarter earnings (Citi posted a $4.43 billion Q1’10 profit, its best result in more than two years).

The SEC, which is now involved in one of the biggest securities enforcement cases against a major Wall Street bank in years, has accused Goldman Sachs of duping its clients who purchased some mortgage-related investments during the housing boom. The 141-year-old bank — expected to report its latest earnings on Tuesday — has said it’s innocent and will fight the lawsuit.

Gerspach also acknowledged the SEC has launched “industrywide” inquiries into similar transactions. He said Citi is “fully cooperating with these investigations.”

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