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Nomura, RBS face U.S. mortgage trial; $1 billion damages at stake

By Nate Raymond NEW YORK (Reuters) – A U.S. housing regulator is set to take two of the world's biggest banks to trial on Monday to try and recoup more than $1 billion in damages over mortgage bonds sold to government-run mortgage finance companies ahead of the 2008 economic crisis. Lawyers for the regulator will face off with attorneys of Nomura Holdings Inc and Royal Bank of Scotland …

RBS Said Settling Mortgage Probe as Early as This Quarter

Royal Bank of Scotland Group Plc could pay a fine to settle claims of misconduct in its handling of U.S. mortgage securities as early as this quarter, a person with knowledge of the matter said.

RBS shares hit by report of higher U.S. mortgage bond claims

Royal Bank of Scotland could have to pay higher than expected settlements to cover the cost of involvement in the mis-selling of U.S. mortgage-backed securities, The Times reported on Friday, pushing RBS …