RBS reaches settlement with shareholders

The Royal Bank of Scotland  has reached an agreement with shareholders. PIcture; Lisa Ferguson
The Royal Bank of Scotland has reached an agreement with shareholders. PIcture; Lisa Ferguson

RBS has agreed a £200m settlement with investors who claimed they were duped into handing money to the bank during the financial crash.

RBS has offered 82p per share to shareholders who took part in a rights issue in 2008.

Shareholders claimed that they were misled about the state of the bank before the fundraising.

As a result of a settlement Fred Goodwin, will not appear in court.

Share in RBS fell by over 1% following the news.