LONDON, Oct 19 (Reuters) - British bank Barclays said it will pay $325 million in a settlement with the U.S.National Credit Union Association (NCUA) to resolve two civillawsuits related to U.S. residential mortgages.
Barclays said on Monday it will include a provision for theamount in its third-quarter results. The NCUA is an independentfederal agency that regulates and supervises credit unions.
Several banks have paid big settlements to resolve issuesrelated to U.S. residential mortgage-backed securities(RMBS)litigation, and Barclays said its settlement related tolawsuits disclosed in its half-year results.
"The group continues to litigate other RMBS securitiesclaims and RMBS repurchase requests and to respond to requestsfrom various regulatory and governmental authorities in relationto mortgage-related investigations, all as disclosed in Barclays2015 interim results announcement," the bank said. (Reporting by Steve Slater, editing by David Evans)