May 29, 2017
The Royal Bank of Scotland Group plc, RBS Securities Inc., The Royal Bank of Scotland N.V., and The Royal Bank of Scotland plc (collectively, “RBS”) entered into a formal settlement agreement whereby RBS agreed to pay CAD$13,220,000. The settlement is a compromise of disputed claims and RBS does not admit any wrongdoing or liability. The settlement agreement must be approved by the courts for its terms to become effective. Please click here to view a copy of the settlement agreement.