RBS Securities agrees to pay CT $120 million

One of Stamford's largest employers has agreed to pay Connecticut the largest settlement in state history. The attorney general says RBS Securities will pay $120 million to end an investigation into

News 12 Staff

Oct 4, 2016, 4:25 PM

Updated 2,848 days ago

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One of Stamford's largest employers has agreed to pay Connecticut the largest settlement in state history.
The attorney general says RBS Securities will pay $120 million to end an investigation into its underwriting of mortgage-backed securities leading up to the financial crisis in 2008.
RBS is accused of not investigating the quality of the mortgages and causing more than $40 billion in loses


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