RBS prepares to pay for ‘painful’ sub-prime legacy

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Royal Bank of Scotland says it has set aside 3.1 billion pounds (3.6 billion euros) to settle claims by the US Department of Justice. The future settlement relates to mis-sold toxic investments linked to sub-prime mortgages in the run up to the 2008 financial crisis. “This bank, and of course the British taxpayers, have paid a…

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