Royal Bank of Scotland (RBS) may have to pay as much as $27bn (£21.74bn) in misconduct fines and lawsuits, according to lawyers and analysts. The top-end estimates, which is roughly the market value of the bank, represent the settlements of a range of claims relating to RBS's alleged misconduct before and during the financial crisis, including misselling mortgage-backed securities in the US. A total settlement bill at the high end of estimates would eat into RBS’s core capital levels, currently 14.5 percent. RBS has agreed to settle with US authorities over allegations that it misled investors about its exposure to risky mortgage assets.
Royal Bank of Scotland (RBS) may have to pay as much as $27bn (£21.74bn) in misconduct fines and lawsuits, according to lawyers and analysts. The top-end estimates, which is roughly the market value of the bank, represent the settlements of a range of claims relating to RBS's alleged misconduct before and during the financial crisis, including misselling mortgage-backed securities in the US. RBS has agreed to settle with US authorities over allegations that it misled investors about its exposure to risky mortgage assets.