Royal Bank of Scotland to pay $1.1 billion to resolve U.S. regulator's mortgage case

Royal Bank of Scotland to pay $1.1 billion to resolve U.S. regulator's mortgage case
 

Royal Bank of Scotland Group Plc (RBS.L) will pay $1.1 billion to resolve a U.S. regulator's claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. National Credit Union Administration said on Tuesday.
The settlement brings the agency's recoveries against various banks to $4.3 billion in lawsuits over their sale of mortgage-backed securities before the 2008 financial crisis.
(Reporting by Nate Raymond in New York; Editing by Bill Rigby)
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28 September 2016 in Business, Views: 45
Source: Reuters
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