Reuters - Video

Edition: US | UK | IN | CN | JP

video Business

RBS pays $4.9 bln for crisis-era misconduct, customer survey hurts too

Wednesday, August 15, 2018 - 01:44

Royal Bank of Scotland will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008. As Francis Maguire reports, the U.S. Justice Department said the penalty is the largest-ever imposed on a bank for misconduct leading up to the financial crisis.

▲ Hide Transcript

View Transcript

Royal Bank of Scotland will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008. As Francis Maguire reports, the U.S. Justice Department said the penalty is the largest-ever imposed on a bank for misconduct leading up to the financial crisis.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

RBS pays $4.9 bln for crisis-era misconduct, customer survey hurts too

Wednesday, August 15, 2018 - 01:44