July 24, 2017 1:16 AM ET

Capital Markets

Company Overview of RBS Securities Inc.

Company Overview

RBS Securities Inc. operates as a security brokerage firm. The company provides asset-backed loans including mortgage, auto, and manufactured housing loans. It also offers trading and investment banking services. The firm was formerly known as Greenwich Capital Markets, Inc. and later changed its name RBS Securities, Inc. in April, 2009. The company was founded in 1981 and is based in Stamford, Connecticut with additional offices in Atlanta, Georgia; Chicago, Illinois; Irvine, California; San Francisco, California; and Washington, District Of Columbia. RBS Securities Inc. operates as a subsidiary of RBS Holdings USA Inc.

600 Washington Boulevard

Stamford, CT 06901

United States

Founded in 1981

Phone:

866-884-2071

Key Executives for RBS Securities Inc.

Co-Chief Executive Officer and Co-President
Co-Chief Executive Officer and Co-President
Age: 55
Founder
Age: 65
Managing Director and Associate General Counsel
Managing Director and Associate General Counsel
Compensation as of Fiscal Year 2017.

RBS Securities Inc. Key Developments

RBS Settles Certain RMBS Claims with the National Credit Union Administration

The Royal Bank of Scotland Group plc has reached a final settlement with the National Credit Union Administration Board to resolve two outstanding civil lawsuits for USD 1.1 billion (£846 million). The settlements, involving its subsidiary RBS Securities Inc., relate to the two residential mortgage-backed securities (RMBS) cases (asserting claims on behalf of US Central Federal Credit Union and Western Corporate Federal Credit Union), most recently disclosed in RBS's 2016 Interim Results Announcement. The settlement amount is substantially covered by existing provisions as of 30 June 2016 and will have no material impact on the RBS Group's CET1 ratio. RBS continues to litigate various other RMBS-related civil claims identified in its disclosure, including those of the Federal Housing Finance Agency, and to respond to investigations by the civil and criminal divisions of the U.S. Department of Justice and various other members of the RMBS Working Group of the Financial Fraud Enforcement Task Force (including several state attorneys general). As previously stated, RMBS litigation and investigations may require additional provisions in future periods that in aggregate could be materially in excess of the provisions existing as of 30 June 2016.

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