RBS Seen Facing Up to $4.5 Billion to Close Mortgage Suit
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Royal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned lender, could pay as much as $4.5 billion to resolve claims of misconduct in its handling of U.S. mortgage securities, according to Bloomberg Intelligence.
RBS may be closer to JPMorgan Chase & Co.’s $4 billion accord with the U.S. Federal Housing Finance Agency over its sale of mortgage-backed securities than Deutsche Bank AG’s $1.9 billion deal, Elliott Stein, an analyst for Bloomberg Intelligence, wrote on Wednesday.