August 21, 2015
A Connecticut federal judge on Friday denied Royal Bank of Scotland Group PLC's bid to toss the Federal Housing Finance Agency's claims that the bank sold toxic residential mortgage-backed securities, saying a U.S. Supreme Court decision limiting statutory time extensions doesn't apply.
January 02, 2015
The Royal Bank of Scotland Group PLC might have to pay more than £5 billion ($7.7 billion) in fines to settle a suit by the Federal Housing Finance Agency in Connecticut federal court accusing the bank of selling toxic residential mortgage-backed securities to Fannie Mae and Freddie Mac, according to a Friday news report.
August 22, 2014
The Royal Bank of Scotland Group PLC on Thursday said a mortgage-backed securities lawsuit brought by the Federal Housing Finance Agency in Connecticut federal court should be dismissed after a U.S. Supreme Court decision narrowed the time the regulator had to file a complaint.