Goldman, Sachs & Co, and its clients reportedly were trading Shawmut National Corp. shares in unusually heavy volume Thursday and Friday, driving the price sharply downward.

Over the two days, shares in the New England bank fell $1, to $19, a 5% decline to a new low for the year.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.