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Home World Business

Royal Bank of Scotland shares fall 1.2% on report of higher US toxic debt fines

byMonitoring Report
02/01/2015
in World Business
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LONDON: Shares in Royal Bank of Scotland (RBS) fell 1.2 percent on Friday and the lender could face fines over the sale of toxic mortgage backed debt in the US of more than 5 billion pounds ($7.76 billion).

Figure was above the 1.9 billion pounds set aside by the bank to cover potential fines. Two traders said the reason for the share price fall.

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Tags: $7.76 billion1.2%LondonRoyal Bank of ScotlandUS

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