BREAKING: Royal Bank of Scotland may face $27bn legal bill ("..The figure is roughly the market value of the bank at the upper end of its valuation. The fines are related to RBS's alleged wrong-doing which includes the mis-selling of mortgage-backed securities in the US which led on to the housing crisis....Same as German lender value of the bank which are facing a $14 billion fine from the US Department of Justice (DOJ) on the bank for selling faulty mortgage-backed securities...Germany’s Banking Problem Is Bigger Than Deutsche Bank Too many banks are fighting in the same space, while political and legislative hurdles make consolidation difficult..")

Royal Bank of Scotland (RBS) may be fined as much as $27 billion over alleged misconduct before and after the financial crisis, according to lawyers and analysts cited by Reuters.

Read Full Article at RT.com

Source link