Violation Tracker Individual Record

Royal Bank of Scotland PLC
Current Parent Company: 
NatWest Group PLC
July 12, 2017
Offense Group: 
financial offenses
Primary Offense: 
toxic securities abuses
Violation Description: 

The Federal Housing Finance Agency, as conservator of Fannie Mae and Freddie Mac, reached a settlement with Royal Bank of Scotland Group plc, related companies and specifically named individuals for $5.5 billion. The settlement resolved all claims in the lawsuit, FHFA v. The Royal Bank of Scotland Group plc et al., Case No. 3:11-cv-1383 in the United States District Court for the District of Connecticut.

Level of Government: 
Action Type: 
agency action
Federal Housing Finance Agency
Civil or Criminal Case: 
HQ Country of Parent: 
United Kingdom
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Source Notes: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.