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Home / Law / Justice calls Barclays’ bluff over $31 billion mortgage misconduct

Justice calls Barclays’ bluff over $31 billion mortgage misconduct

The management team at Barclays, facing a U.S. demand that it pay up over mortgage misconduct from the financial crisis, dared prosecutors to sue. The Justice Department obliged. After failing to agree with prosecutors on a price to put the U.S. investigation behind it, the bank was slapped Thursday with a civil suit in Brooklyn. The ...