7 hours agoBritish RBS bank pays $5.5 billion in damages
Periskopi(9 years ago)
(9 years ago)The British bank Royal Bank of Scotland (RBS) has agreed to pay American regulator a fine of $5.5 billion ($4.8 billion) due to participation in the second-degree mortgage crisis more than a decade ago. “Ryal Bank of Scotland has reached agreement with the federal residential financing agency (FHFA)”, [...]
“Ryal Bank of Scotland has reached agreement with the federal Agency for residential financing (FHFA)”, reportedly in the bank's statement.
In accordance with agreement, FHFA charges will be rejected RBS, broadcast AFP.
