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RBS rejected warning over cash call, lawsuit hears

RBS building sign

Just hours before Royal Bank of Scotland launched a massive cash call in 2008 to shore up its capital, the bank's senior advisers were still discussing whether its financial figures were potentially misleading for investors, court documents allege.

Wells Fargo banking scandal a financial crisis we can finally understand

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For most Americans the fallout of the 2008 financial crisis was all too obvious. The economy imploded, jobs disappeared, house prices collapsed. But coming to grips with the reason it was happening – the run on mortgage-backed securities, collateralized debt obligations (AKA, CDOs), credit default swaps, synthetic derivatives, tranches – was not so easy.

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RBS building sign

RBS rejected warning over cash call, lawsuit hears

Just hours before Royal Bank of Scotland launched a massive cash call in 2008 to shore up its capital, the bank's senior advisers were still discussing whether its financial figures were potentially misleading for investors, court documents allege.