RBS to Pay Hefty Penalty for Pre-Crisis MBS Claims; Citigroup Fined for Doc Issues; NCUA Loses Suit
August 17, 2018
The Department of Justice this week announced a $4.9 billion settlement with the Royal Bank of Scotland to resolve legacy-related claims that the bank misled investors on the quality of residential MBS they purchased from RBS between 2005 and 2008.