THE US Securities and Exchange Commission is investigating Royal Bank of Scotland (RBS) over its exposure to American sub-prime mortgages.
The probe was launched in March, and covers the bank’s interests in securities backed by sub-prime home loans, as well as residential mortgages written by its US subsidiaries.
RBS is cooperating with the investigation – one of dozens launched into the mortgage industry by American regulators since the crisis began to emerge last year. for more click here