Barclays Sued by U.S. Regulator Over Mortgage Security Sales
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.
To contact the reporter on this story: Jesse Hamilton in Washington at firstname.lastname@example.org.