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.
By The Newsroom
Published 6th Jun 2017, 12:58 BST
Updated 8th Jun 2017, 15:28 BST
The Royal Bank of Scotland has reached an agreement with shareholders. PIcture; Lisa FergusonThe 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.

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.