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19

Barclays Agrees to Settle Mortgage Lawsuits for $325 Million

By Tony Seruga

Barclays has settled a lawsuit filed by the National Credit Union Administration, an agency that regulates federal credit unions. CreditToby Melville/Reuters

LONDON — The British bank Barclays said on Monday that it had agreed to pay $325 million to settle two lawsuits related to the sale of residential mortgage-backed securities in the United States.

Barclays said in a news release that it expected to book a charge of $325 million related to the settlements as part of its third-quarter results, which the bank will report on Oct. 29…

Barclays Agrees to Settle Mortgage Lawsuits for $325 Million

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