RBS reaches settlement with shareholders

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

Tuesday, 6th June 2017, 12:58 pm
Updated Thursday, 8th June 2017, 3:28 pm
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 offered 82p per share to shareholders who took part in a rights issue in 2008.

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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.