US Department of Justice sues Barclays over alleged 2008 MBS fraud
Deutsche Bank and Credit Suisse reach settlement deals
The US Department of Justice (DoJ) is suing Barclays and two of its executives over alleged fraudulent mortgage-backed securities (MBS) following a breakdown in talks to reach a settlement.
Barclays this morning released a stock exchange announcement saying the bank "rejects the claims made in the complaint" by the DoJ. The civil complaint filed, according to the FT, says the bank "securitised...
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