The agreement brings the agency’s recoveries in cases stemming from faulty security purchases to $2.2 billion.
Settlement resolves claims resulting from mortgage-backed securities bought by now-defunct corporates.
The Libor price-fixing scandal, in which the London-based bank and financial services company Barclays manipulated Libor submissions to give a healthier picture of the bank’s credit quality in 2007 and 2008, has had little material effect on credit unions, according to industry experts. However, corporates that owned Libor-indexed assets during...
Space Coast CU is suing Barclays and State Street Securities over investment losses that led to its takeover of Eastern Financial CU.