News
        Barclays payment of $2 billion in United States fraud charges


 bearing in stock

if you are interested in it , Get free samples :sales@edabearings.com

The US Justice Department said on Thursday that Barclay (BARC.L) would pay $2 billion to settle a claim against losses for investors. These investors bought MBS losses on the eve of the 2007 financial crisis, resulting in a loss of $one billion.
Barclay denied misleading investors in supporting MBS's mortgage quality and denied allegations of mail fraud and bank fraud.
Barclay, chief executive of Jes Staley, called it a "fair and appropriate" settlement, and concluded that the bank's largest unresolved lawsuit in the US is, or that those investors who thought the fines would be higher would feel at ease.
"The settlement amount is at the bottom of the prediction interval, and the time for settlement is earlier than expected. So this is a good result for Barclays," said Ian Gordon, an analyst at Investec Bank in London.


PREVIOUS:The balance of China's foreign debt increased by 20% to $1 trillion and 710 bill        NEXT:The rate of normalization of the ECB policy is too slow -