{"id":5883,"date":"2015-11-24T00:00:00","date_gmt":"2015-11-24T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/11\/rbs_may_be_subject_to_more_cri"},"modified":"2022-05-17T13:48:29","modified_gmt":"2022-05-17T18:48:29","slug":"rbs-may-be-subject-to-more-cri","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/rbs-may-be-subject-to-more-cri\/","title":{"rendered":"RBS May Be Subject to More Criminal Charges Over Alleged Loan Securities Price Inflations"},"content":{"rendered":"

According to the New York Post<\/em>, sources say that the US Attorney\u2019s office in Connecticut is going after Royal Bank of Scotland (RBS) and at least two traders over complex debt securities that investors bought up through 2013. Ex-RBS banker Matthew Katke, who pled guilty earlier this year to inflating collateralized loan obligation prices, reportedly provided cooperating testimony in the case. <\/p>\n

Federal prosecutors are also reportedly pursuing criminal charges against RBS. That investigation is over the alleged sale of flawed mortgage securities related to the 2008 financial crisis.<\/p>\n

The Wall Street Journal<\/em> says that sources have told them that prosecutors are looking at a $2.2B deal that repackaged home mortgages into bonds eight years ago. It was just two years ago that RBS settled a Securities and Exchange Commission case that described the lead banker as attempting to push the deal through even though the diligence department had raised red flags. <\/p>\n

The RBS probe mirrors the $150M civil settlement the bank reached in 2013. That case resolved SEC claims accusing it of misleading investors on a $2.2B subprime mortgage offering. <\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

According to the New York Post, sources say that the US Attorney\u2019s office in Connecticut is going after Royal Bank of Scotland (RBS) and at least two traders over complex debt securities that investors bought up through 2013. Ex-RBS banker Matthew Katke, who pled guilty earlier this year to inflating collateralized loan obligation prices, reportedly […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3999],"tags":[],"class_list":["post-5883","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-rbs-securities"],"yoast_head":"\nRBS May Be Subject to More Criminal Charges Over Alleged Loan Securities Price Inflations — Investor Lawyers Blog — November 24, 2015<\/title>\n<meta name=\"description\" content=\"According to the New York Post, sources say that the US Attorney\u2019s office in Connecticut is going after Royal Bank of Scotland (RBS) and at least two — November 24, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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