Dec
05
R.B.S. Reaches Agreement to Settle Rights Issue Litigation
By
Ross McEwan, chief executive of the Royal Bank of Scotland. CreditChris Ratcliffe/Bloomberg
LONDON — The Royal Bank of Scotland said on Monday that it had reached an agreement to settle a majority of shareholder claims over a rights issue by the lender before its near collapse in 2008.
The litigation was related to the bank’s raising of 12 billion pounds, or about $15 billion at current exchange rates, weeks before it was rescued by the British government. R.B.S., which remains 73 percent owned by the British government, received a £45 billion bailout that year…
R.B.S. Reaches Agreement to Settle Rights Issue Litigation
