The trustee overseeing Peregrine Financial Group Inc. wants to subpoena financial records from 10 banks involved with the collapsed U.S. brokerage, the Wall Street Journal reported today. A federal judge is being asked to allow court-appointed trustee Ira Bodenstein to issue subpoenas to JPMorgan Chase & Co., US Bank, Citigroup Inc., Morgan Stanley and Goldman Sachs Group Inc. and five other institutions, according to a court filing late yesterday. Bodenstein said in the filing that he was seeking information related to open and closed Peregrine accounts at the institutions. The trustee also wants information from Bank of New York Mellon Corp., First Premier, Jefferies Bache, Royal Bank of Scotland Group PLC and Commerzbank AG. The request is due to be heard by the judge at a hearing on Aug. 7.
