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RBS may face $10bn payout

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Royal Bank of Scotland could have to pay $10bn to settle lawsuits from US authorities over its role in selling the complex investments that helped cause the credit crunch.

HBOS: The Bank That Couldn't Say No

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Banking group HBOS was not driven to point of bankruptcy by the global financial meltdown, but by its own strategy of high-risk lending, over-ambitious growth targets and poor controls, according to a hard-hitting report by the parliamentary commission on banking standards.

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