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U.S. sues Barclays for mortgage securities fraud


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The U.S. Department of Justice on Thursday sued Barclays Plc (BARC.L) for fraud in the sale of mortgage securities in the run-up to the financial crisis.


The British bank deceived investors about the quality of loans underlying tens of billions of dollars of mortgage securities between 2005 and 2007, according to the lawsuit, which was filed in U.S. district court in Brooklyn, New York.




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