UK bank to pay US $5.5B over toxic-mortgage claims - Northwest Arkansas Democrat-Gazette

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UK bank to pay US $5.5B over toxic-mortgage claims – Northwest Arkansas Democrat-Gazette

Royal Bank of Scotland, a bank based out of the United Kingdom, is in big trouble with the United States of America. Apparently, they are guilty of providing toxic mortgages and there is fault in their underwriting. underwriting. They have agreed to give the aunited States of America authorities 6.5 billion dollars to resolve these issues. This settlement will somewhat help the negative name that the bank has been labeled for a while now. It’s good that they’re choosing to do the right thing.