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Violation Tracker Individual Record

Company: Royal Bank of Scotland
Current Parent CompanyNatWest Group PLC
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Penalty: $125,000,000
Year: 2017
Date: December 22, 2017
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Violation Description: The California Attorney General announced a $125 million settlement with the Royal Bank of Scotland over alleged misrepresentations about residential mortgage-backed securities sold to California's public employee and teacher pension funds, CalPERS and CalSTRS, respectively.
Level of Government: state
Action Type: agency action
Agency: California Attorney General
Civil or Criminal Case: civil
Facility State: California
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: government-owned
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.