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RBS sets aside another £3.1bn in RMBS probe

Bank has now made provisions of more than £6.5 billion related to the mis-selling of mortgage-backed securities in the US

RBS sets aside another £3.1bn in RMBS probe

Royal Bank of Scotland has put aside an extra £3.1 billion to cover possible fines for the mis-selling of US mortgage-backed securities in the run-up to the financial crisis.

It means RBS has now made provisions totalling £6.7 billion for dealing with such matters, it said in a January 26 statement.

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