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26

Justice Department Sues Barclays Over Mortgage-Backed Securities

By Tony Seruga

The Justice Department said Barclays’ actions in the packaging and sale of what are known as residential mortgage-backed securities in the years leading to the financial crisis injured tens of thousands of investors when the housing market collapsed. CreditKevin Coombs/Reuters

LONDON — United States authorities have accused the British bank Barclays and two former executives of fraudulently misleading the public in the sale of tens of billions of dollars in securities backed by home mortgages.

The Justice Department filed a lawsuit Thursday in Federal District Court in Brooklyn after the two sides failed to reach a settlement despite months of talks…

Justice Department Sues Barclays Over Mortgage-Backed Securities

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