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Barclays to Settle RMBS Lawsuits for $325 Million

October 21, 2015 by Eugene Grygo

Barclays has reached a $325 million settlement with a U.S. government agency that regulates federal credit unions, bringing to an end a lawsuit against the Barclays Capital investment banking subsidiary over the sale of allegedly faulty residential mortgage-backed securities (RMBS) to corporate credit unions that allegedly failed as a result of the transactions. The agreement… Read More >>

Filed Under: Operational Risk, AML/Fraud/Financial Crime, Regulation & Compliance Tagged With: Barclays, fines, LIBOR, mortgage-backed securities, National Credit Union Administration, NCUA, RMBS, U.S. government

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