Barclays Settles Certain RMBS Securities Claims with the National Credit Union Administration (NCUA)
Barclays has reached a settlement with the NCUA to resolve two outstanding civil lawsuits for US$ 325m. These lawsuits are part of the RMBS Securities Claims disclosed in Barclays 2015 Interim Results Announcement. As a result of this settlement, Barclays will include a provision of US$ 325m in its Q3 Interim Management Statement, to be announced on 29 October 2015.
The Group continues to litigate other RMBS Securities Claims and RMBS Repurchase Requests and to respond to requests from various regulatory and governmental authorities in relation to Mortgage-related investigations, all as disclosed in Barclays 2015 Interim Results Announcement.
For further information please contact:
Investor Relations |
Media Relations |
Kathryn McLeland |
Will Bowen |
+44 (0)20 7116 4943 |
+44 (0)20 3134 7744 |
About Barclays
Barclays is an international financial services provider engaged in personal, corporate and investment banking, credit cards and wealth management with an extensive presence in Europe, the Americas, Africa and Asia. Barclays' purpose is to help people achieve their ambitions - in the right way.
With 325 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 130,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.
For further information about Barclays, please visit our website www.home.barclays
