Barclays and Federal Home Loan Bank of Boston call off lawsuit

Barclays Capital has escaped a mortgage-backed securities lawsuit lodged by the Federal Home Loan Bank of Boston, which had claimed that Barclays provided misleading information to the bank which, in turn, created great losses. As a result, Barclays will pay no settlement charge. 

By Melissa Daniels (June 21, 2016, 10:53 PM EDT) -- Barclays Capital Inc. is off the hook in a Federal Home Loan Bank of Boston lawsuit accusing financial institutions of misleading it into a $5.9 billion purchase of mortgage-backed securities that ultimately faltered during the financial crisis, according to a stipulation filed in Massachusetts federal court on Tuesday....

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