Posts tagged "Banks"

RBS to Pay $1.1 Billion in Settlement Agreement, Total NCUA Claims to Exceed $4.3 Billion

The National Credit Union Administration, as liquidating agent (NCUA) and the Royal Bank of Scotland-RBS Securities, Inc. (RBS) have reached a settlement agreement associated with claims arising from the bank’s sale of mortgage-backed securities to two corporate credit unions, the NCUA announced yesterday.

The NCUA brought claims against various banks in 2011, retaining the law firm Korein Tillery and its co-counsel. Lead counsel members at Korein Tillery …

Continue reading RBS to Pay $1.1 Billion in Settlement Agreement, Total NCUA Claims to Exceed $4.3 Billion…

Tags: , , , , ,