Barclays PLC agreed to pay $2 billion in civil penalties to resolve U.S. Justice Department claims that the U.K. lender fraudulently sold mortgage securities that helped fuel the financial crisis, causing investors “enormous losses,” the government said Thursday. Two former Barclays executives also agreed to $2 million in civil penalties to resolve individual claims, the Justice Department said.

Source: Wall Street Journal March 29, 2018 13:52 UTC