Federal prosecutors also reached settlements with two former Barclays executives over their roles in the sale and trading of residential mortgage-backed securities (RMBS), a type of investment derivative that bundled home loans into securities sold to investors.
The Justice Department said the British bank "caused billions in losses" to investors by engaging in a "fraudulent scheme" involving three dozen mortgage-backed securities deals sold between 2005 and 2007.
Two executives who no longer work at the bank and named in the civil suit will also shell out $2 million, the news service reported.
The final deal is lower than the $5 billion sum that the USA authorities had asked Barclays to pay earlier in negotiations, as reported back in 2016.
As a result of Barclay's alleged actions, investors lost billions of dollars, the Justice Department said.
"It alleged violations of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), based on mail fraud, wire fraud, bank fraud, and other misconduct", the DoJ said in a statement.
"The substantial penalty Barclays and its executives have agreed to pay is an important step in recognizing the harm that was caused to the national economy and to investors", Richard Donoghue, the United States attorney in Brooklyn, New York, said in a statement.
Mr Staley said by "putting significant legacy matters" behind it as well as completing its restructuring past year, Barclays was "well positioned to produce stronger earnings going forward".
Deutsche Bank and Credit Suisse reached similar crisis-related settlements late previous year.
Barclays chief executive Jes Staley said the bank was "pleased that we have been able to reach a fair and proportionate settlement".
The bank lied about the creditworthiness of borrowers whose loans underpinned the securities and who then defaulted at "exceptionally high rates", the statement said.
The settlement comes almost a month after Barclays confirmed a loss of almost £2bn a year ago, after a string of hefty charges, including a £900m from Donald Trump's corporate tax changes and £127m from the collapse of the outsourcing and construction firm Carillion.
In exchange for payment of the fine, the Justice Department will withdraw a civil complaint filed against the Barclays in December 2016, leaving the bank with a clean record in the case. Barclays shares edged down after the announcement.
It is negative, as 39 investors sold MSFT shares while 1012 reduced holdings. 147 funds opened positions while 670 raised stakes. Joel Isaacson & Limited stated it has 0.45% in Microsoft Corporation (NASDAQ:MSFT). 16,624 are owned by Financial Consulate.
The Saudi state-owned investment fund, which has assets over 224 billion Dollars , invested around 54 billion Dollars past year . The money is to come from a 93-billion-dollar fund the firm set up a year ago with financial backers including Saudi Arabia.
We are temporarily suspending the testing of our self-driving cars on public roads to learn from the Uber incident. Nvidia (NASDAQ: NVDA ) announces the Drive Constellation system for running self-driving vehicle simulations.
Some protesters in Moscow shouted slogans calling for the sacking of Kemerovo's region and for " Russia without Putin". Russian newspapers ran heart-wrenching accounts of children's last minute calls to their parents and relatives.
Shabani, 25, was last seen on security camera around 1:15 p.m. on February 23 near her Hollywood home, police said. She came from Macedonia and had been in Los Angeles less than two years, according to her friends.
At a conference in Beijing Chinese Premier Li Keqiang repeated pledges to ease access to Chinese markets for American businesses. China and the US are in talks to avoid a possible trade war, with both sides expressing optimism that a deal can be reached.
Shortly after, Puigdemont was detained in Germany after he crossed the border with Denmark on his way from Finland to Belgium . However, First Minister Nicola Sturgeon has insisted she can not intervene in an independent legal extradition process.
After van der Zwaan pleaded guilty to false statements on February 20, Kilimnik declined to comment on whether he was Person A . That Gates and Person A were directly communicating in September and October 2016 was pertinent to the investigation.
Facebook on Wednesday attempted to make amends for having utilized data from tens millions of profiles without consent from users. Investors have voiced concerns that the companies could face tougher regulations after the Cambridge Analytica scandal .
The Hemp Farming Act of 2018 will legalize hemp as an agricultural commodity and remove it from the list of controlled substances. So far, 34 states have authorized hemp research and 19 have production programs, Bruce Schreinerreports for The Associated Press.
He had 1,675 yards passing with 7 touchdowns and 7 interceptions with the Cleveland Browns during the 2014 and 2015 seasons. Heisman trophy victor and former first round draft pick Johnny Manziel is attempting to make a comeback into the NFL .
The two world footballing powers were meeting for the first time since Germany embarrassed Brazil 7-1 at home almost four years ago.
Ryan Blaney wins 2nd stage at Martinsville
The last time Bowyer stepped into Victory Lane was six years ago, back in October of 2012 at Charlotte Motor Speedway. Hamlin is a five-time victor at Martinsville and has finished outside the top-10 just six times in 24 career starts.
Toyota RAV4 Debuts Bold New Look
Also, the same powertrain is used for the second generation hybrid system as well as for the continuously variable transmission . Optional Qi wireless charging is available on select trims and audio channeled through an 11-speaker setup by JBL sound systems.
Court orders Miguna's immediate release from JKIA
Odinga came to the airport on Monday night to attempt to lobby for Miguna to be admitted to the country, Orengo said. It was unclear whether the dispute over Miguna would affect the reconciliation pact.