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JP Business

RBS pays $4.9 bln for crisis-era misconduct, customer survey hurts too

Royal Bank of Scotland will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008. As Francis Maguire reports, the U.S. Justice Department said the penalty is the largest-ever imposed on a bank for misconduct leading up to the financial crisis.

JP Business

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