Authorization

RBS bank agrees $4.9bn civil penalty to end US probe

https://ichef.bbci.co.uk/news/320/cpsprodpb/17045/production/_98477249_gettyimages-826299430.jpg" width="976" height="549">
Royal Bank of Scotland has agreed a $4.9bn (The probe into RBS's sale of financial products from 2005 to 2008 has been a huge financial cloud hanging over bank.The DoJ said further details must be negotiated before a final deal is done.Mr McEwan said: "Today's announcement is a milestone moment for the bank.
"Reaching this settlement in principle with the US Department of Justice will, when finalised, allow us to deal with this significant remaining legacy issue and is the price we have to pay for the global ambitions pursued by this bank before the crisis."He said that "removing the uncertainty" would mean that RBS, bailed out by the UK taxpayer during the financial crisis, would make the bank much stronger.
UK Banking
Banking
Royal Bank of Scotland
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Октябрь 2018    »
ПнВтСрЧтПтСбВс
1234567
891011121314
15161718192021
22232425262728
293031