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
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Oct 4, 2016, 4:25 PM
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Updated 2,943 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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