US Department of Justice sues Barclays over alleged 2008 MBS fraud

Deutsche Bank and Credit Suisse reach settlement deals

Natalie Kenway
@KennethGoso
23 December 2016

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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 Financial Times, says...

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