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RBS Seeks £11.6M Security In Shrinking Rights Issue Suit

By Alex Davis (May 3, 2017, 6:58 PM BST) -- The Royal Bank of Scotland PLC wants two firms financing a class action over the bank's fundraising before its 2008 taxpayer bailout to hand over a total of £11.6 million ($15 million) as security should the action fail, as RBS counsel told London's High Court on Wednesday that fewer than 9,000 claimants remained in the suit....

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