Beth Yoffie

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Royal Bank of Scotland to Pay $1.1 Billion for Role in 2008 Financial Crisis

The Royal Bank of Scotland (RBS) has agreed to pay the National Credit Union Administration (NCUA) $1.1 billion to settle claims over the sale of allegedly “toxic” mortgage-backed securities to corporate credit unions that later failed, the administration announced last Tuesday. The settlement will resolve claims against RBS in federal actions in California and Kansas … Continue Reading
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