RBS: Multi-Billion Pound Fine for Mis-Selling Imminent

[kreslik.news]

Royal Bank of Scotland (RBS) is set to to announce in the next few days that it is on the receiving end of another multi-billion pound charge for mis-selling mortgage-backed securities, according to Sky News.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong

The precise size of the provision to be included in the bank’s 2016 full-year results was unclear, but is expected to be between $3 billion (£2.4 billion) and $4 billion (£3.2 billion).

RBS is already in the process of preparing for a DoJ settlement by putting aside billions of dollars for a ... (read more)