ROYAL Bank of Scotland has agreed to pay $42 million (£26m) to the US state of Nevada to settle an investigation into subprime mortgages.
Nevada was one of the states worst hit by the sub-prime mortgage crisis.
RBS was dragged into a two-year investigation into whether lenders Countrywide and Option One misrepresented its mortgages because it securitised the loans and sold them on to investors.
We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
