Imperial Bank of Scotland consents to $4.9 billion settlement of RMBS charges

The Royal Bank of Scotland Group plc (RBS) has gone into a $4.9 billion settlement with the United States Justice Department to determine government common claims that RBS misdirected speculators in the guaranteeing and issuing of private home loan upheld securities (RMBS) somewhere in the range of 2005 and 2008. As per the Justice Department,… Continue reading Imperial Bank of Scotland consents to $4.9 billion settlement of RMBS charges