RBS reaches $4.9 billion deal to settle U.S. mortgage bond investigation

WASHINGTON/BOSTON/LONDON (Reuters) - Royal Bank of Scotland has agreed to pay a smaller-than-expected $4.9 billion to resolve a U.S. investigation into its sale of mortgage-backed securities, paving the way for a long-awaited return of cash to UK taxpayers who bankrolled its post-crisis survival.

from Reuters: Business News https://ift.tt/2I3kbfr