RBS to Pay $1.1 Billion to Close First Major U.S. Mortgage Probe

  • U.K.-based bank agrees to deal with credit-union regulator
  • U.S. agency says sales helped topple corporate credit unions

Royal Bank of Scotland Group Plc agreed to pay $1.1 billion to settle the first of three major U.S. mortgage-backed securities probes the bank must overcome before it can resume dividend payments.

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