Royal Bank of Scotland will pay a fine of $5.5 billion to settle allegations of improper sale of loan bonds.

　　Cctv newsRoyal Bank of Scotland agreed to pay a fine of 5.5 billion US dollars (4.3 billion pounds) to the Federal Housing Finance Agency of the United States on the 12th to settle the allegations that Royal Bank of Scotland improperly sold mortgage bonds in the United States before the 2008 financial crisis. The Federal Housing Finance Agency of the United States believes that before the financial crisis in 2008, Fannie Mae and Freddie Mac bought mortgage bonds from Royal Bank of Scotland based on documents with false and misleading statements, which caused Fannie Mae and Freddie Mac to suffer huge losses.

　　McEwan, CEO of Royal Bank of Scotland, said on the 12th that this solution is a serious reminder of the behavior of Royal Bank of Scotland before the financial crisis, and it is a huge price for banks to pursue their ambitions in the world. The decision of the day is an important step taken by Royal Bank of Scotland to solve the most important remaining problems, which further proves the determination of the leadership to solve the remaining problems.

　　At present, Royal Bank of Scotland, headquartered in Edinburgh, also faces a fine of up to 9 billion pounds from the US Department of Justice. (CCTV reporter Tian Xiaochun)