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

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

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