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» RBS to Pay Hefty Penalty for Pre-Crisis MBS Claims; Citigroup Fined for Doc Issues; NCUA Loses Suit
RBS to Pay Hefty Penalty for Pre-Crisis MBS Claims; Citigroup Fined for Doc Issues; NCUA Loses Suit
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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.