{"id":2776,"date":"2018-03-29T09:47:38","date_gmt":"2018-03-29T13:47:38","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=a0d0215e2272d99d34b0270d320ebfdc"},"modified":"2018-03-29T09:47:38","modified_gmt":"2018-03-29T13:47:38","slug":"barclays-to-pay-2-billion-to-us-to-settle-mortgage-suit","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/03\/29\/barclays-to-pay-2-billion-to-us-to-settle-mortgage-suit\/","title":{"rendered":"Barclays to pay $2 billion to US to settle mortgage suit"},"content":{"rendered":"<p>NEW YORK &#8212; Barclays has agreed to pay $2 billion in civil penalties to the U.S. government to settle a lawsuit alleging that it was involved in a fraudulent scheme to sell residential mortgage-backed securities.<\/p>\n<p>The announcement was made Thursday by the U.S. attorney&#8217;s office in Brooklyn.<\/p>\n<p>The Justice Department sued the Britain-based Barclays Bank and several of its U.S. affiliates in late 2016 over the sale of risky mortgage-backed securities between 2005 and 2007.<\/p>\n<p>Barclays CEO Jes Staley said in a statement that the settlement was &#8220;fair and proportionate.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK &mdash; Barclays has agreed to pay $2 billion in civil penalties to the U.S. government to settle a lawsuit alleging that it was involved in a fraudulent scheme to sell residential mortgage-backed securities. The announcement was made Thursday by the U.S. attorney&rsquo;s office in Brooklyn. The Justice Department sued the Britain-based Barclays Bank [&hellip;]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/2776"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=2776"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/2776\/revisions"}],"predecessor-version":[{"id":2777,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/2776\/revisions\/2777"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=2776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=2776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=2776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}