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RBS Could Foot A Bill Of Nearly $13 Billion To Settle Legacy U.S. Mortgage Issue

RBS Could Foot A Bill Of Nearly $13 Billion To Settle Legacy U.S. Mortgage Issue

As RBS was one of the biggest originators of mortgage-backed securities in the U.S. in the run-up to the economic downturn of 2008, a settlement is estimated to cost the bank billions of dollars over coming months – something that will likely send its results for this year in the red.

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