US judge calls Barclays settlement sweetheart deal

WASHINGTON, Aug 17 (BestGrowthStock) – The federal judge
considering the settlement between Barclays Bank Plc (BARC.L: )
and the Justice Department over criminal charges that it
violated U.S. trade sanctions called it on Tuesday a
“sweetheart deal.”

U.S. District Judge Emmet Sullivan said at a hearing that
he was concerned about the settlement in which Barclays has
agreed to pay $298 million to resolve charges over its dealings
with banks in Cuba, Iran, Libya, Sudan and Myanmar.
(Reporting by Jeremy Pelofsky and James Vicini; Editing by
Gerald E. McCormick)

US judge calls Barclays settlement sweetheart deal