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KM Financial Solutions | UPDATE 1-RBS reaches $4.9 bln deal to settle U.S. mortgage bond probe
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UPDATE 1-RBS reaches $4.9 bln deal to settle U.S. mortgage bond probe

09 May UPDATE 1-RBS reaches $4.9 bln deal to settle U.S. mortgage bond probe

Posted at 00:30h in News by
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May 9 (Reuters) – The Royal Bank of Scotland said on
Wednesday it had reached an agreement in principle with the U.S.
Department of Justice that includes a $4.9 billion civil penalty
to resolve potential claims over mortgage-backed securities
issued from 2005 to 2008.

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