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RBS to pay up to £800m to settle 2008 rights issue claims

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RBS's conduct and litigation costs have topped £1.74 billion in the first nine months this year, up 20 per cent from the same period of 2015, driven in part by provisions for the rights offer lawsuit.

London

ROYAL Bank of Scotland Group Plc moved closer to clearing a backlog of charges for misconduct that have slowed its return to profitability, agreeing to pay as much as £800 million (S$1.45 billion) to settle investor lawsuits over its 2008 emergency rights offering.

The bank

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