Barclays To Pay $2B To Settle Government’s FIRREA Claims Over RMBS

Mealey's (March 30, 2018, 1:02 PM EDT) -- BROOKLYN, N.Y. — Barclays PLC and several of its subsidiaries will pay $2 billion to settle claims with federal prosecutors that the international investment bank violated provisions of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) in its issuance and underwriting of residential mortgage-backed securities (RMBS), according to a settlement agreement reached by the parties and filed in New York federal court on March 29 (United States of America v. Barclays Capital Inc., et al., No. 16-7057, E.D. N.Y.)....