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Enterprise Information Roundup, March 30

Mortgages

Barclays will

pay $2 billion

Barclays can pay a $2billion civil penalty to U.S. authorities to settle costs that it offered fraudulent mortgage-backed securities to traders between 2005 and 2007, and that it misled traders on the standard of these loans that it offered to the general public.

Two of the British financial institution’s former executives can pay a mixed $2million in fines: Paul Menefee, who helped package deal subprime mortgages into securities, and John Carroll, the top dealer of mortgage-backed securities.

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