RBS Will Pay $1.1 Billion Over Its Role in the Global Financial Crisis — Fortune

Posted on by Nkozi Knight

Royal Bank of Scotland Group rbspf will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. National Credit Union Administration (NCUA) said. The resolution comes as RBS prepares to settle a number of U.S. cases where it is accused of mis-selling mortgage-backed bonds and…

via RBS Will Pay $1.1 Billion Over Its Role in the Global Financial Crisis — Fortune

Published by Nkozi Knight

Nkozi Knight is a finance expert with over 20 years of experience. He is a proud graduate of Marquette University where he also serves on their National Alumni Board of Directors. Nkozi is also a graduate of Marquette’s Future Milwaukee Community Leadership program. He is the owner of GreenHomeHub, Knight Investment Group, and Bodhi Photography Studios.

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