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Saturday, 26th July 2008

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US probe into RBS exposure



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ROYAL Bank of Scotland is being investigated by the US Securities and Exchange Commission over its exposure to American sub-prime mortgages.
Details of the probe are buried in the Edinburgh-headquartered bank's prospectus for its imminent £12 billion rights issue, which is to be put to a vote by shareholders this week.

The inquiry, which started in March, is looking at RBS interests in securities backed by sub-prime home loans, as well as residential mortgages written by American subsidiaries.





The full article contains 86 words and appears in Edinburgh Evening News newspaper.
Page 1 of 1

  • Last Updated: 12 May 2008 11:12 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
 
 

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