Violation Tracker Individual Record

Company: 
Royal Bank of Scotland Group plc
Current Parent Company: 
Royal Bank of Scotland
Penalty: 
$4,900,000,000
Year: 
2018
Date: 
August 14, 2018
Primary Offense: 
toxic securities abuses
Violation Description: 

The Justice Department announced a $4.9 billion settlement with The Royal Bank of Scotland Group plc resolving federal civil claims that RBS misled investors in the underwriting and issuing of residential mortgage-backed securities between 2005 and 2008.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Civil Division
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Scotland
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.