Royal Bank of Scotland may face $27billion legal bill

‘Royal Bank of Scotland (RBS) may be fined as much as $27 billion over alleged misconduct before and after the financial crisis, according to lawyers and analysts cited by Reuters.
The figure is roughly the market value of the bank at the upper end of its valuation. The fines are related to RBS’s alleged wrong-doing which includes the mis-selling of mortgage-backed securities in the US which led on to the housing crisis.’
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