RBS to pay $1.1B to resolve some of its US mortgage claims

Posted online September 28, 2016 | 11:17 am

Royal Bank of Scotland Group agreed to pay $1.1 billion to resolve allegations it sold toxic mortgage-backed securities to credit unions that later failed.

The settlement is one of several U.S. cases accusing the bank of misselling mortgage-backed bonds.

The latest figure brings recoveries against RBS to $4.3 billion.

Read more from Reuters.

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