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Violation Tracker Individual Record

Company: Royal Bank of Scotland PLC
Current Parent Company: NatWest Group PLC
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $5,500,000,000
Year: 2017
Date: July 12, 2017
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Secondary Offense: investor protection violation
Mega-Scandal: Toxic Securities
Violation Description: The Federal Housing Finance Agency, as conservator of Fannie Mae and Freddie Mac, reached a settlement with Royal Bank of Scotland Group plc, related companies and specifically named individuals for $5.5 billion. The settlement resolved all claims in the lawsuit, FHFA v. The Royal Bank of Scotland Group plc et al., Case No. 3:11-cv-1383 in the United States District Court for the District of Connecticut.
Level of Government: federal
Action Type: agency action
Agency: Federal Housing Finance Agency
Civil or Criminal Case: civil
HQ Country of Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.