Goldman, Barclays, 6 Others Ink $190M FDIC Deal Over RMBS
Law360, New York (June 2, 2016, 10:46 AM EDT) -- Goldman Sachs & Co., Barclays Capital Inc. and six other financial institutions have agreed to pay the Federal Deposit Insurance Corp. $190 million to end mortgage-backed securities claims the agency brought on behalf of five failed banks, the FDIC said on Thursday.
The deal settles federal securities suits the FDIC filed as receiver for the failed banks to recover on their purchases of 21 Countrywide mortgage-backed securities. In addition to Goldman and Barclays, the deal releases those claims against BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Edward D. Jones & Co., L.P., RBS Securities Inc....
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