Nomura and Royal Bank of Scotland have agreed to pay up to $33m on top of $806m that a U.S. judge ordered them to pay for making false statements in selling mortgage-backed securities.
Reuters reports that the agreement with the Federal Housing Finance Agency was disclosed in court papers filed last week in Manhattan federal court and covers legal costs the regulator incurred taking the banks to trial earlier this year.
Cote awarded $806m to the FHFA and also awarded the regulator its costs and attorneys fees, sums that Friday's agreement covers.
To access the complete Reuters article hit the link below:
Have something to tell us about this article?