RBS To Pay $500M To Settle Mortgage-Backed Securities Claims With New York

(March 7, 2018, 1:00 PM EST) -- NEW YORK — Royal Bank of Scotland (RBS) will pay $500 million as part of a settlement agreement with New York Attorney General Eric T. Schneiderman over RBS’s offering of collateralized debt obligations (CDOs) that were backed by residential mortgage-backed securities (RMBS), Schneiderman announced March 6....

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