3rd Jul 2015 05:54
LONDON (Alliance News) - The Royal Bank of Scotland Group PLC could face a penalty of as much as USD13 billion depending on the outcome of a US mortgage securities lawsuit, Bloomberg News reported on Thursday.
According to the report the US Federal Housing Finance Agency, which is suing on behalf of Fannie Mae and Freddie Mac, estimated that amount in a court filing in a related case.
http://www.bloomberg.com/news/articles/2015-07-02/u-s-regulators-tell-rbs-it-faces-13-billion-mortgage-penalty
By Samuel Agini; [email protected]; @samuelagini
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