LONDON: Royal Bank of Scotland Group Plc said it will take a £3.1bil (US$3.8bil) charge in its fourth-quarter results, as the lender used other banks’ settlements to estimate the impact from a US probe into sales of mortgage securities.
The lender is continuing to cooperate with the US Department of Justice on its investigation, though timing of a settlement remains uncertain, the Edinburgh-based bank said in a statement.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!