Barclays (BARC.L) said on Thursday a Bloomberg record that
it is making an attempt to cap a penalty to settle a u.s.investigation into its
sale of mortgage securities at $2 billion changed into based on sick-informed
speculation.
citing a supply, news company Bloomberg reported Barclays
became seeking to cap the penalty after receiving a gap provide it taken into
consideration too excessive.
The department of Justice's (DoJ) start line for
negotiations wasn't disclosed but it was less than the $14 billion opening
provide via the U.S. to Deutsche financial institution (DBKGn.DE) over
comparable allegations, Bloomberg said.
"This story is based totally on sick-informed speculation
and contains cloth inaccuracies," a Barclays spokesman said in a assertion
that mentioned the Bloomberg record.
A spokesman for DOJ declined to comment.
a person acquainted with the problem instructed Reuters that
no settlement is drawing close.
Deutsche and Barclays are amongst a set of banks being
probed with the aid of U.S. authorities over alleged misconduct within the sale
of loan securities inside the run-up to the 2008 economic disaster.
Deutsche financial institution, Germany's largest lender,
has been in the highlight due to the fact that a September file that DoJ
requested the bank for $14 billion to settle the probe into its
mortgage-subsidized securities.
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