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RBS Pays $42M To End Subprime Mortgage Abuse Probe

By Daniel Wilson (October 24, 2012, 2:16 PM EDT) -- A Royal Bank of Scotland Group PLC unit has agreed to pay $42.5 million to end a Nevada investigation into the bank's purchasing and securitization practices for subprime and adjustable rate mortgages, Nevada Attorney General Catherine Cortez Masto announced Wednesday....

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