Barclays Sued Over Residential Mortgage-Backed Securities

The US government has filed a lawsuit against Barclays over residential mortgage-backed securities. This unexpected move follows failed negotiations, with Barclays aiming to limit fines. The Department of Justice has previously settled similar cases with other banks for billions. The lawsuit could lead to a settlement or a court ruling. Barclays may argue against the fines, but public sentiment and legal precedents pose challenges. The case's timing is influenced by the upcoming US government change and legal deadlines.

What is the main reason the US government is suing Barclays?

• Over residential mortgage-backed securities

• For tax evasion

• Due to money laundering

• For insider trading

How much did the Department of Justice cite in loans related to Barclays?

• $20 billion

• $10 billion

• $40 billion

• $31 billion

What is Barclays' main argument against the fines imposed by the Department of Justice?

• The fines are too low

• The fines are excessive for the damage caused

• The fines are already paid

• The fines are unrelated to their actions

What legal strategy might Barclays use to resolve the lawsuit?

• File for bankruptcy

• Ignore the lawsuit

• Negotiate a settlement or have a judge rule

• Appeal to the Supreme Court

How might the change in US administration affect the lawsuit against Barclays?

• It will likely lead to a dismissal

• It will have little impact as the case is in court

• It will increase the fines

• It will expedite the proceedings