Barclays Said to Renew U.S. Talks on Toxic Mortgages

Barclays Said to Renew U.S. Talks on Toxic Mortgages

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Business, Social Studies

University

Hard

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Barclays was in prolonged negotiations with the DOJ over a settlement, which initially broke down. After 10 months, both parties are reconsidering settlement to avoid a lengthy trial. The situation has affected Barclays' shares and client trust. Political changes, such as the transition from the Obama to Trump administration, may influence the legal proceedings. Barclays' decision to fight rather than settle contrasts with other banks like Deutsche Bank, and the outcome could impact other banks like the Royal Bank of Scotland.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges does Barclays face in improving its performance?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What implications could Barclays' situation have for other banks?

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