News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

RBS may launch civil suit against Goldman Sachs

UK bank considering trying to recoup additional losses sustained through controversial Abacus investment

Royal Bank of Scotland is considering launching a civil suit against Goldman Sachs to recoup additional losses sustained through its investment in a controversial mortgage-backed security that prompted a Securities and Exchange Commission fraud suit, a person familiar with the matter said Friday.

Goldman Sachs yesterday settled civil charges with the SEC on the marketing of the security: a package of debt securities called Abacus 2007-ACI.

WSJ Logo