Barclays Sued by U.S. Regulator Over Mortgage Security Sales
Stock Chart for Barclays PLC (BARC)
Barclays Plc is being sued by the U.S. regulator of credit unions, which says the bank sold $555 million in misrepresented mortgage-backed securities that contributed to two lender failures.
The National Credit Union Administration announced the suit filed in federal court in Kansas in a statement today.
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