07:16 AM EST, 12/04/2024 (MT Newswires) -- Barclays ( JJCTF ) agreed to a $19.5 million settlement for a case in New York accusing the bank of securities fraud after selling an excess of $17.7 billion debt to what regulators allowed, Reuters reported Wednesday, citing a court filing.

The bank continued to deny wrongdoing in connection to the settlement, the court filing reportedly showed.

Barclays ( JJCTF ) did not immediately respond to MT Newswires' request for comment.