three RBS shareholders could be owed more than £1bn ($1.23bn) from the bank, according to a report commissioned by investors. A 2013 multi-billion claim against RBS stated that investors were misled up until the 2008 crisis, with a £12bn cash call and a UK government bailout of £45.5bn. The hearing for the claim is due to take place in March 2017, though the bank has already come to an £800m deal to compensate 77% of shareholders, in which it did not accept liability. RBS has already made a $5.6bn provision to settle this and other historic misconduct claims.
Over 27,000 RBS shareholders could be owed more than £1bn ($1.23bn) from the bank, according to a report commissioned by investors. A 2013 multi-billion claim against RBS stated that investors were misled up until the 2008 crisis, with a £12bn cash call and a UK government bailout of £45.5bn. The hearing for the claim is due to take place in March 2017, though the bank has already come to an £800m deal to compensate 77% of shareholders, in which it did not accept liability. RBS has already made a $5.6bn provision to settle this and other historic misconduct claims.