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The U.K. banking giant moves to settle a legal battle over its investment banking unit and its sale of mortgage-backed securities to credit unions.
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...
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