Royal Bank of Scotland to pay civil cash penalty: US settlement reached

RBS latest

• RBS has agreed to pay a civil monetary cash penalty of $4.9bln
• Settlement to resolve investigation into RBS's issuance of US residential mortgage-backed securities between 2005 and 2007
• Has reached a ciivil settlement on principle with the US department of justice
• Pro forma impact on RBS's 31 March CET1 Ratio is reduction of 50 BPS, reduction of 9p on 31 March 2018 fully diluted nav per share