RBS settles Illinois mortgage-backed securities probe for $20M

RBS settles Illinois mortgage-backed securities probe for $20M

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Royal Bank of Scotland Group PLC on Wednesday agreed to pay $5.5 billion to the Federal Housing Finance Agency to settle a probe into its sale of toxic mortgage-backed securities in the run up to.

RBS enters m settlement with Illinois.. The deal relates to the bank’s misconduct in its marketing and sale of residential mortgage-backed securities (RMBS) leading up to the 2008 economic.

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Royal Bank of Scotland will pay $5.5 billion to settle one of the two major US investigations into allegations it mis-sold mortgage-backed bonds that it needs to resolve before the British.

Royal Bank of Scotland has reached a $20 million settlement with Illinois over the bank’s alleged misconduct in its marketing and sale of residential mortgage-backed securities in the lead-up to.

This week, Royal Bank of Scotland Group PLC (RBS) has agreed to pay the Federal Housing finance agency .5b to resolve the latter’s investigation into the UK government-controlled bank’s sale of toxic mortgage-backed securities to mortgage giants Freddie Mac and Fannie Mae leading up to the 2008 financial crisis.

BOSTON/WASHINGTON May 9 (Reuters) – Royal Bank of Scotland Group Plc said on Wednesday it had agreed to pay $4.9 billion to resolve a U.S. Department of Justice probe into its structuring and sale.

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Royal Bank of Scotland said it reached a tentative agreement to pay a $4.9 billion penalty to resolve a long-running U.S. probe into its packaging and sale of mortgage-backed securities before the 2008 financial crisis.

RBS reaches $500 million settlement with New York over crisis-era mortgage practices Will provide $400 million in consumer relief to state’s residents

Royal Bank of Scotland Group has agreed to pay $4.9 billion to resolve a U.S. probe into the structuring and sale of mortgage-backed securities ahead of the 2008 financial crisis.

IN yet another payout due to historical bad behaviour, Edinburgh-based RBS has agreed a settlement of $20 million with the State of Illinois over mis-selling of mortgage-backed securities. Illinois attorney general Lisa Madigan announced the $20m settlement with the state-owned bank as a result of her investigation into the bank’s misconduct in its marketing and sale of risky residential.

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