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Tag Archives: Royal Bank of Scotland

Royal Bank of Scotland Settles for $500 Million

Franklin American

New York Attorney General Eric T. Schneiderman this week announced a $500 million settlement between the state and Royal Bank of Scotland. The settlement relates to claims that the bank misled investors over the quality of risky mortgage-backed securities leading ...

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Finishing Strong

The FHFA recently settled the 17th of the 18 lawsuits it has filed on behalf of Freddie Mac and Fannie Mae. Read on to see the sum each Enterprise is going to receive.

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FHFA Seeking $13 Billion From RBS in Mortgage-Backed Securities Suit

The lawsuit against RBS in the Connecticut court involved the selling of about $32 billion worth of faulty mortgage-backed securities to Fannie Mae and Freddie Mac before the crisis. The bank had set aside about $3 billion for a possible settlement but reports surfaced that the FHFA might ask as much as $7.7 billion.

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