The Royal Bank of Scotland Group (RBS) has signed a $4.9 billion settlement with the U.S. Department of Justice (DoJ) over allegations that the bank misguided investors in the underwriting and issuing of residential mortgage-backed securities (RMBS) from 2005 to 2008. Essentially, DoJ officials allege that RBS “securitized tens of thousands of loans that it… Read More >>
Markit, ISDA Move to Settle EU Probe
Markit, the U.K. data provider, and the International Swaps & Derivatives Association (ISDA), an industry trade group, have offered concessions in an effort to settle a European Union antitrust investigation into possible collusion in the credit default swaps (CDS) market, according to the European Commission. The Commission is seeking feedback from interested parties on the… Read More >>
