Newsletter Newsletters Events Events Podcasts Videos Africanews
Loader
Advertisement

Barclays settles on toxic securities

Barclays settles on toxic securities
Copyright 
By Euronews
Published on
Share Comments Add Euronews on Google
Share Close Button
Copy/paste the article video embed link below: Copy to clipboard Copied

€1.6 billion payout seen as good result for the bank

Barclays is pay €1.6 billion to settle claims from investors who bought toxic mortgage-backed securities in the run-up to the 2007 financial crisis, the US Justice Department has said.

ADVERTISEMENT
ADVERTISEMENT

The settlement is below market expectations and analysts says it's a good result for the bank.

Go to accessibility shortcuts
Share Comments Add Euronews on Google

Read more

Barclays quits Africa as profit falls

Barclays slashes jobs at investment banking division