RBS facing $13bn bill for mortgage bond claim
Royal Bank of Scotland faces a $13bn claim over allegations regarding its actions before the 2008 crisis, reports said.
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The bank was involved in a long running case in a US court over how it packaged mortgage bonds and sold them to government lenders overseen by the Federal Housing Finance Agency.
The claim, made in a court filing, comes as the UK government prepares to start selling shares in RBS.
According to the Financial Times, the potential $13bn claim is higher than most analysts predicted and is more than double the profit RBS is expected to make this year.
The case was originally brought in 2011 and has not yet gone to trial.