As the U.S. gets back to work after the holidays, SEC and CFTC officials are preparing for an ongoing and widening shutdown of the federal government that may affect the law enforcement and litigation efforts of the regulators. When the shutdown began on Dec. 22, initially nine federal departments and agencies were impacted by the… Read More >>
Barclays to Settle RMBS Lawsuits for $325 Million
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 >>
