Royal Bank of Scotland (RBS) has settled with the US authorities. In exchange for 4.9 billion dollars, the judiciary stopped the investigation into the ‘junk mortgages’ that the bank sold in 2007 and 2008, reports Hope News. The American judiciary had previously made similar settlements with other large international […]
Business
Ex-CEO Anbang gets 18 years in prison for corruption and fraud. Chinese Anbang is the parent company of, among others, Dutch insurers Reaal and Zwitserleven. The now convicted Wu Xiaohui admitted a billion-euro fraud in March. He put some of the billions into his pocket. According to Chinese state […]
