Asset Management

RBS settles dispute with investor groups over 2008 rights issue

Royal Bank of Scotland said it would pay up to £800 million ($1.02 billion) to settle claims with shareholder groups over allegations that it misled them in the lead up to an emergency rights issue during the financial crisis.

RBS settles dispute with investor groups over 2008 rights issue
Photo: iStockPhoto

Royal Bank of Scotland said it would pay up to £800 million ($1.02 billion) to settle claims with shareholder groups over allegations that it misled them in the lead up to an emergency rights issue during the financial crisis.

In a statement on December 5, RBS said it had concluded settlements with three out of the five shareholder groups without admitting fault and said that it would "vigorously defend" claims from any parties that wouldn't settle.

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