{"id":8834,"date":"2018-05-10T04:05:15","date_gmt":"2018-05-10T08:05:15","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=933621ece4abc8ab52ccc3d5566033a7"},"modified":"2018-05-10T04:05:15","modified_gmt":"2018-05-10T08:05:15","slug":"royal-bank-of-scotland-tentatively-settles-us-claims","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/05\/10\/royal-bank-of-scotland-tentatively-settles-us-claims\/","title":{"rendered":"Royal Bank of Scotland tentatively settles US claims"},"content":{"rendered":"<p>LONDON &#8212; Royal Bank of Scotland says it has tentatively agreed to pay $4.9 billion to settle U.S. Department of Justice claims that it misled investors over the sale of mortgage-backed securities before the 2008 financial crisis.<\/p>\n<p>The settlement marks a watershed moment for RBS, which was bailed out by British taxpayers after a series of acquisitions briefly made it the largest bank in the world before the crisis. The government insisted that the mis-selling claims had to be resolved before it could sell Britain&#8217;s 72-per cent stake in RBS.<\/p>\n<p>Chief Executive Ross McEwan says the settlement will &#8220;allow us to deal with this significant remaining legacy issue and is the price we have to pay for the global ambitions pursued by this bank before the crisis.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON &mdash; Royal Bank of Scotland says it has tentatively agreed to pay $4.9 billion to settle U.S. Department of Justice claims that it misled investors over the sale of mortgage-backed securities before the 2008 financial crisis. The settlement marks a watershed moment for RBS, which was bailed out by British taxpayers after a series [&hellip;]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8834"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=8834"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8834\/revisions"}],"predecessor-version":[{"id":8835,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8834\/revisions\/8835"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=8834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=8834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=8834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}