Violation Tracker Individual Record

Company: 
THE ROYAL BANK OF SCOTLAND GROUP PLC
Current Parent Company: 
Royal Bank of Scotland
Penalty: 
$50,000,000
Year: 
2013
Date: 
December 11, 2013
Primary Offense: 
banking violation
Violation Description: 

The Federal Reserve Board issued a consent order to cease and desist and a civil money penalty assessment of $50 million against the Royal Bank of Scotland Group plc and the Royal Bank of Scotland plc, both of Edinburgh, Scotland.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Federal Reserve
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.