Goldman Sachs has agreed to a $60m settlement to resolve claims by a Massachusetts regulator that it participated in unfair and deceptive lending practices involving subprime mortgages, it was announced on Monday.

The settlement did not involve an admission of wrongdoing by the bank. But Martha Coakley, Massachusetts attorney-general, said Goldman had “played a role” in the “predatory lending” associated with the subprime market. In a statement, the bank said: “Goldman Sachs is pleased to have resolved this matter.”