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RBS to Take New Multi-Billion Charge Over Mortgage Backed Securities
January 25, 2017
When it rains, it pours....
Royal Bank of Scotland will announce within days that it's taking another multi-billion pound charge for mis-selling mortgage-backed securities. The U.K. goverment, which still has a 72% stake in the bank, was informed that RBS directors will discuss the move at a board meeting this week. It's estimated that the charge could range between $3-$4 billion.
