October 19, 2015
Barclays PLC and Wachovia Capital Markets LLC agreed Monday to pay a combined $378 million to resolve the U.S. credit union administrator's claims that the banks made false statements when selling mortgage-backed securities that caused the failure of four credit unions.
July 10, 2013
A Kansas federal judge on Wednesday dismissed a lawsuit against Barclays Capital Inc. over National Credit Union Administration allegations that the bank misrepresented the quality of more than $555 million in residential mortgage-backed securities sold to two defunct credit unions, finding the case was filed too late.
September 25, 2012
The National Credit Union Administration Board on Tuesday hit Barclays Capital Inc. with a suit alleging it had misrepresented the quality of more than $555 million in residential mortgage-backed securities bought by two defunct credit unions.