The two former Barclays executives named as defendants in the suit are Paul Menefee, who was the lender's head banker on its subprime RMBS securitisations, and John Carroll, who served as head trader for subprime loan acquisitions.
The fine is the latest in a long line of penalties issued by American and British financial watchdogs relating to banks' conduct before the crash in 2008.
"The settlement came at the bottom end of expectations and much sooner than expected", said Ian Gordon, an analyst at Investec Plc, who called it a "clear positive" and a "very happy Easter" for the bank.
Barclays has agreed to pay $2 billion, the equivalent of £1.4 billion, in civil penalties to resolve claims for fraud in the sale of residential mortgage-backed securities, the US Department of Justice said Thursday.
The DoJ had been thought to be going for a sum closer to the $7.2bn penalty agreed by Deutsche Bank or $5.3bn by Credit Suisse, both at the start of a year ago, over similar claims.
Barclays misled investors about the assets' quality, causing billions of dollars in losses, the Justice Department said in a statement.Читайте также: ICE Praises Orange County Sheriff for Defying California 'Sanctuary State' Law
Last week, Swiss bank UBS agreed to pay US$230 million to New York State, also settling charges the bank had misrepresented the value of mortgages underlying securities sold before the crisis. The DoJ said more than half of the mortgages defaulted.
"The substantial penalty Barclays and its executives have agreed to pay is an important step in recognizing the harm that was caused to the national economy and to investors", Richard Donoghue, the USA attorney in Brooklyn, New York, said in a statement. "The substantial penalty Barclays and its executives have agreed to pay is an important step in recognising the harm that was caused to the national economy and to investors in RMBS".
"It has been a priority for this management team from the start to resolve these historic issues in a timely and appropriate manner wherever possible", Staley said.
The British lender was the only bank to push back against the size of the settlement demanded by the Justice Department, prompting the prosecutor to file a lawsuit in the waning days of the Obama administration in 2016.
Barclays said it will recognize the settlement's financial impact during the first quarter of 2018, resulting in a negative impact of just under 0.5% negative impact on the bank's December 31, 2017, Common Equity Tier 1 ratio. "Accordingly, it remains our intention to pay a dividend of 6.5p for 2018".При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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