US demands RBS to pay £8.3bn to resolve claims over securities mis-selling

By: mryash on 11:22 PM

By Daily Mail Reporter

The US government has requested Royal Bank of Scotland pay £8.3billion to center affirms that it hoodwinked buyers of home progress reinforced securities.

The activity was brought by Philippe Selendy, a genuine guide for Quinn Emanuel. He has brought the case for the US Federal Housing Finance Agency.

Nomura and RBS were requested a month back to pay an aggregate £520million for progressing false expressions in offering home progress kept up securities to Fannie Mae and Freddie Mac.

The Federal Housing Finance Agency proclaimed the aggregate in a New York court as an important piece of one of two cases RBS is fused in identifying with these home propel duty bunches.