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Nomura, RBS Face $806 Million Demand by U.S. Housing Agency

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Nomura Holdings Inc. and Royal Bank of Scotland Group Plc should pay $806 million in damages to government-owned mortgage companies over misleading securities pitches, a federal housing agency told a judge.

The proposed payout was outlined in a court filing Friday by the Federal Housing Finance Agency, at the request of a New York judge who found the banks liable for “enormous” deception in the sale of mortgage-backed securities.