U.S. subpoenas Volkswagen under bank fraud law in emissions probe: source

The U.S. Justice Department sent German automaker Volkswagen AG a subpoena under a bank fraud law in its diesel emissions probe, a person briefed on the matter said Tuesday. The government is using the Financial Institutions Reform, Recovery and Enforcement Act to issue the civil subpoena, a 1989 law used in investigating large financial institutions, said the source who requested anonymity, citing the sensitivity of the ongoing probe. VW spokeswoman Jeannine Ginivan declined to comment on talks