British banking giant Barclays, headquartered in London, has agreed to pay a US$2 billion fine to resolve a fraud case involving mortgage derivatives sold in the run-up to the 2008 global financial crisis. Photo: AFP
Barclays to pay US$2 billion fine for fraud during run-up to 2008 financial crisis
Federal prosecutors also reached settlements with two former Barclays executives over their roles in the sale and trading of residential mortgage-backed securities
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British banking giant Barclays, headquartered in London, has agreed to pay a US$2 billion fine to resolve a fraud case involving mortgage derivatives sold in the run-up to the 2008 global financial crisis. Photo: AFP
