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Tag Archives: Department of Justice

Which Bank Will be Next to Settle RMBS Fraud Claims?

Last week’s settlement between Goldman Sachs and several regulators, including the U.S. Department of Justice, for $5 billion to resolve claims of RMBS fraud has fueled speculation among analysts that the Royal Bank of Scotland (RBS) will reach a settlement in the next few weeks to resolve claims.

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Goldman Sachs Settles Toxic RMBS Claims

The investment banking firm is the latest on a list of banks to agree to settle federal and state investigations probes for allegedly selling bad RMBS in the time period leading up to the financial crisis.

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