« Return to search form

Violation Tracker Individual Record

Company: 
Royal Bank of Scotland PLC
Current Parent Company: 
Royal Bank of Scotland
Penalty: 
$5,500,000,000
Year: 
2017
Date: 
July 12, 2017
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: 
federal
Action Type: 
agency action
Agency: 
Federal Housing Finance Agency
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 of Data: 

https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-$5pt5-Bill... (archived copy)

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.