RBS Agrees To Pay $44 Million To Settle Fraud Claims

HARTFORD, Conn. (AP) – The global securities firm RBS Securities has agreed to pay $44 million to settle fraudulent trading complaints.
U.S. Attorney for Connecticut Deirdre Daly said Thursday that employees at the Stamford-based division of the Royal Bank of Scotland knowingly defraudedcustomers _ some of whom were beneficiaries of the federal Troubled Asset Relief Program _ from 2008 to 2013 in order to boost the company’s fortunes.
Daly’s office says in some instances, RBS e