Thursday 29 March 2018

Barclays to pay $2 billion U.S. fine over mortgage fraud claims

WASHINGTON/LONDON (Reuters) - Barclays has agreed to pay $2 billion (1.42 billion pounds) for allegedly causing billions of dollars of losses to investors by engaging in a fraudulent scheme to sell residential mortgage-backed securities between 2005 and 2007, the U.S. Justice Department said on Thursday.


from Reuters: Top News http://uk.reuters.com/article/uk-barclays-mortgages-fine/barclays-to-pay-2-billion-u-s-fine-over-mortgage-fraud-claims-idUKKBN1H51WS?feedType=RSS&feedName=topNews

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