RBS Settles With FHFA, Will Pay $5.5 Billion

By Andrea RiquierMarketsMarketWatch Pulse

The Federal Housing Finance Agency said Wednesday that Royal Bank of Scotland PLC will pay $5.5 billion for misdeeds relating to the sale of mortgage-backed securities between 2005 and 2007. RBS will pay $4.5 billion to Freddie Mac and $975 million to Fannie Mae .

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