Recent News About Royal Bank of Scotland
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WASHINGTON, D.C. — A recent $4.9 million settlement reached between the U.S. Department of Justice (DOJ) and the Royal Bank of Scotland (RBS) is the largest penalty imposed on a single entity by the department for financial crisis-era misconduct, according to the federal government.
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CHICAGO — The state of Illinois has reached a $20 million settlement with Royal Bank of Scotland for the bank's alleged failure to fully disclose the risks of its mortgage-backed securities (RMBS) relating to the state's pension fund investments.
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NEW YORK (Legal Newsline) — New York Attorney General Eric T. Schneiderman announced March 6 that Royal Bank of Scotland will pay $500 million after allegations of deceptive practices and misleading conduct in in the sale of residential mortgage-backed securities (RMBS) in the lead-up to the financial crisis.
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SACRAMENTO, Calif. (Legal Newsline) — California Attorney General Xavier Becerra announced Dec. 22 the Royal Bank of Scotland (RBS), a financial conglomerate with holdings throughout the world, will pay $125 million after allegations of misrepresentations about residential mortgage-backed securities sold to CalPERS and CalSTRS, the state’s public employee and teacher pension funds.
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A series of different banks have been sued over allegations the banks conspired to fix interest rates.
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BOSTON (Legal Newsline) - Massachusetts Attorney General Martha Coakley announced a $36.1 million assurance of discontinuance on Monday with Barclays Bank PLC to resolve allegations of unfair securitization practices.
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PHILADELPHIA (Legal Newsline) -- The city of Philadelphia is suing a group of Wall Street banks responsible for setting the London InterBank Offered Rate, alleging that the banks' efforts to suppress LIBOR caused "significant financial harm" to the city and many others.
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Coakley BOSTON (Legal Newsline) - Massachusetts Attorney General Martha Coakley announced the distribution on Friday of $1.75 million worth of payments from Sand Canyon, an H&R Block Inc. subsidiary, as part of a settlement to resolve discriminatory lending allegations.
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Coakley BOSTON (Legal Newsline) - Massachusetts Attorney General Martha Coakley announced on Friday that she has sent a letter urging Fannie Mae and Freddie Mac to engage in principal forgiveness and loan modifications for homeowners.
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Coakley BOSTON (Legal Newsline) - Massachusetts Attorney General Martha Coakley announced a $52 million settlement on Monday with RBS Financial Products Inc. to settle allegations that it financed, purchased and securitized presumptively unfair residential loans.
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Masto WASHINGTON (Legal Newsline) - The Federal Housing Finance Authority on Friday filed lawsuits against 17 financial institutions to recover losses to Fannie Mae and Freddie Mac.
