RBS will pay 4.9 billion dollars for the settlement of US claims

Royal Bank of Scotland has reached a preliminary agreement with the US Department of Justice on the payment of $4.9 billion to settle claims through the investigation of transactions with mortgage securities, Bloomberg reports. The bank hopes to achieve the final agreement with the US in the coming weeks. The management of RBS said that after a 10-year hiatus, it will begin negotiations with the British regulators on the resumption of dividend payment. The agreement will help the UK reduce its share of 70% in RBS. Most of the expenses will be covered by the already reserved for this purpose money. Nevertheless, an agreement with the US will reduce RBS's profit for the first quarter by 1 billion 440 million dollars.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong