Royal Bank of Scotland pays $4.9 billion for financial crisis-era misconduct - U.S. Justice Dept

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)