RBS agrees to pay over $1 bn to settle 2008 crisis lawsuit
The Royal Bank of Scotland has agreed to a payout of around £800 million ($1.01 billion) to settle allegations that it misled shareholders in a rescue fundraising during the 2008 financial crisis. RBS has settled with three out of five shareholder groups pursuing action against it. The groups alleged that RBS misled them on the true state of its finances.