....In February, the bank reported a £7bn annual loss for 2016. The bank is also yet to settle with the US Department of Justice over claims it mis-sold
toxic residential mortgage-backed securities. ...
[Read full article on BBC
Monday 22nd of May 2017 12:12:00 AM
.... From where McEwan sits, the argument with the hold-outs can indeed be seen as a time-consuming distraction. The sums at stake are significant but they are a trifle compared to the multibillion-dollar territory that RBS will enter when it starts negotiations with the US Department of Justice over mortgage-backed securities that were allegedly mis-sold
before the crisis. ...
[Read full article on Guardian
Monday 22nd of May 2017 06:01:33 PM