Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Britain's bailed-out Royal Bank of Scotland agreed Wednesday to pay a U.S. regulator $5.5 billion over its role in the subprime mortgage crisis more than a decade ago.The deal resolves FHFA claims in relation to RBS's issuance and underwriting of about $32 billion of residential mortgage-backed securities in the U.S. before the financial crisis erupted.The announcement resolves one of two major U.S. probes into misselling allegations; RBS has yet to reach a deal with the Justice Department.
FOLLOW THIS ARTICLE