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RBS agrees $1.1bn deal with US regulator over mis-sold mortgage bonds

Royal Bank of Scotland is to pay $1.1bn (€979m) to a US regulator to settle two claims over mis-sold mortgage bonds in the run-up to the financial crisis.

RBS agrees $1.1bn deal with US regulator over mis-sold mortgage bonds

Wed, 28 Sep, 2016 - 09:14

Royal Bank of Scotland is to pay $1.1bn (€979m) to a US regulator to settle two claims over mis-sold mortgage bonds in the run-up to the financial crisis.

The taxpayer-backed lender reached the agreement with the National Credit Union Administration Board, which regulates credit unions in America.

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Courts Business Heathrow Place: US Place: America Place: London Person: Ross McEwan Organisation: RBS Organisation: Royal Bank of Scotland Organisation: National Credit Union Administration Board Organisation: Central Federal Credit Union Organisation: Western Corporate Federal Credit Union Organisation: Federal Housing Finance Agency Organisation: US Department of Justice Organisation: DoJ Organisation: Deutsche Bank

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