Royal Bank Of Scotland To Settle MBS Suits For $1.1B

By Melissa Daniels · September 27, 2016, 8:34 PM EDT

The Royal Bank of Scotland will pay the National Credit Union Administration $1.1 billion to settle legal claims over the sale of allegedly faulty mortgage-backed securities to two corporate credit unions...

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Case Information

Case Title

National Credit Union Administration Board v. RBS Securities, Inc. et al

Case Number

2:11-cv-02340

Court

Kansas

Nature of Suit

Securities/Commodities

Date Filed

June 20, 2011

Case Title

National Credit Union Administration Board v. RBS Securities Inc. et al

Case Number

2:11-cv-05887

Court

California Central

Nature of Suit

Securities/Commodities

Date Filed

July 18, 2011