WSJ: “RBS Agrees to $5.5 Billion Settlement Over Sale of Mortgage Securities During Crisis”

Alternative Headlines, or, Putting Financial Penalties in Context “Royal Bank of Scotland Group PLC on Wednesday agreed to pay $5.5 billion to the U.S. Federal Housing Finance Agency to settle a probe into its sale of toxic mortgage-backed securities in the run up to the financial crisis.” —The Wall Street Journal (July 12, 2017). Shelling...
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