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RBS Could Pay $7.7B To Settle MBS Suit With FHFA

By Andrew Westney ( January 2, 2015, 5:08 PM EST) -- The Royal Bank of Scotland Group PLC might have to pay more than £5 billion ($7.7 billion) in fines to settle a suit by the Federal Housing Finance Agency in Connecticut federal court accusing the bank of selling toxic residential mortgage-backed securities to Fannie Mae and Freddie Mac, according to a Friday news report....

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