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Nomura, RBS must pay $806 mln in mortgage bond case-U.S. judge
May 15, 2015 / 9:57 PM / 2 years ago

Nomura, RBS must pay $806 mln in mortgage bond case-U.S. judge

NEW YORK, May 15 (Reuters) - A U.S. judge on Friday ordered Nomura Holdings Inc and Royal Bank of Scotland Group Plc to pay a collective $806 million for making false statements in selling mortgage-backed securities to Fannie Mae and Freddie Mac.

U.S. District Judge Denise Cote in Manhattan entered the judgment after finding the banks liable on Monday following a non-jury bench trial in a lawsuit by the Federal Housing Finance Agency. (Reporting by Nate Raymond in New York)

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