WASHINGTON (Reuters) - Royal Bank of Scotland will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the U.S. Justice Department said on Tuesday, adding this was the largest penalty imposed on a bank for misconduct during the financial crisis.
The department said that RBS disputes the allegations and does not admit wrongdoing.
(Reporting by Lisa Lambert; Editing by Eric Beech)
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