RBS Investors Accept £200 Million Settlement from Bank

A group of Royal Bank of Scotland Group PLC investors Monday said they had accepted a £200 million settlement from the bank to end a protracted legal fight over allegations the lender misled them in the lead-up to an emergency rights issue during the financial crisis.

The dispute relates to a £12 billion cash call just before RBS was bailed out by taxpayers in 2008. Investors alleged they weren’t informed of the RBS’s teetering…


READ ---  Prehistoric Crocodile Pushes Back Reptile Family Tree Branch Millions of Years