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Report: Barclays, Credit Suisse in settlement talks with US DOJ over MBS
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Each of BarclaysPlc and Credit SuisseGroup AG is talking to the U.S. Department of Justice to settle investigationsinto mortgage-backed securities, Bloomberg News reported, citing "people familiarwith the matter."
One of the sources said there could be an announcement of a CreditSuisse deal in a few weeks.
The news outlet said that Credit Suisse, Barclays and the DOJdid not comment on the matter.
Credit Suisse and Barclays are some of the banks waiting to reachsettlements with the DOJ.