Violation Tracker Individual Record
Company:
Royal Bank of Scotland PLC
Current Parent Company:
NatWest Group PLC
Penalty:
$5,500,000,000
Year:
2017
Date:
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:
federal
Action Type:
agency action
Agency:
Federal Housing Finance Agency
Civil or Criminal Case:
civil
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:
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.
