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RBS bill could hit $27bn

RBS branch window

Royal Bank of Scotland may have to pay out as much as $27bn, roughly the market value of the bank, in misconduct fines and lawsuits over the next few years, lawyers and analysts said.



SEC Building

C Suisse agrees to pay $90m penalty

The Securities and Exchange Commission announced that Credit Suisse has agreed to pay a $90m penalty and admit wrongdoing to settle charges that it misrepresented how it determined a key performance metric of its wealth management business.