RBS's worst-case legal bill could hit $27 billion

RBS's worst-case legal bill could hit $27 billion
 

Royal Bank of Scotland (RBS.L) may have to pay out as much as $27 billion (21.74 billion pounds), roughly the market value of the bank, in misconduct fines and lawsuits over the next few years, lawyers and analysts said.That bill represents the upper end of estimates to settle a range of claims related to RBS's alleged misconduct before and during the financial crisis, including mis-selling mortgage backed securities (MBS) in the United States.
Investor concern over RBS's outstanding legal and compliance woes increased after news last month that the DOJ is seeking up to $14 billion from... read more

 
10 October 2016 in Business, Views: 51
Source: Reuters
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