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Tag Archives: RBS

How Much Have Banks Been Fined Since the Crisis?

According to a tally released Tuesday by New York-based investment banking firm Keefe, Bruyette & Woods, banks have been fined $243 billion since the financial crisis in 2008. As reported by Marketwatch, repayment of the fines involves a mixture of ...

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RBS Faces 10 Years Without Profits

The Royal Bank of Scotland has agreed to pay a monetary penalty of $35 million to settle a residential mortgage-backed securities fraud claim and is ready to “build a simpler, stronger bank.”

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RBS Plans to Settle Litigation

Royal Bank of Scotland (RBS) CEO Ross McEwan has stated that the bank is in talks to settle one of the two major U.S. investigations into allegations it mis-sold mortgage-backed securities. The bank had previously felt a reprieve in the case following the firing of acting Attorney General Sally Yates. McEwen stated that the bank could settle a lawsuit by the Federal Housing Finance Agency apart from another investigation by the Department of Justice (DOJ). The DOJ investigation has been stalled due to the changes in the U.S. government since President Trump’s election, Reuters reports.

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