RBS Will Pay N.Y. $500 Million Over Bogus Mortgage Marketing

Bloomberg, Mar. 7, 2018–Erik Larson, Greg Farrell
Royal Bank of Scotland Group Plc agreed to pay $500 million to settle New York’s probe into its marketing of toxic mortgage-backed securities that triggered the financial crisis, moving the government-owned lender a step closer to resolving a series of costly U.S. investigations.