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Home / News / Banking/Savings and Loans / RBS to pay $5.5 billion in FHFA mortgage-bond settlement

RBS to pay $5.5 billion in FHFA mortgage-bond settlement

Royal Bank of Scotland Group agreed to pay $5.5 billion to settle the second of three major U.S. mortgage-backed securities probes the government-owned lender must overcome before it can fully return to the private sector. The accord between the British bank and the Federal Housing Finance Agency is the second-biggest the FHFA has extracted and, according ...

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