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The court ruled on Wednesday that no action taken by RBS executives amounted to fraud with relation to the mortgage-backed securities, according to the report, and two out of the three appellate judges shared this opinion. The majority opinion said that "[s]tatements of general corporate optimism, such as these, do not give rise to securities violations."
Read More »U.S. 2nd Circuit Court Dismisses MBS Suit Against Royal Bank of Scotland
