RBS faces legal action for role in MF Global collapse
Royal Bank of Scotland is facing legal action over the collapse of MF Global after two pension funds accused the bank of making misleading statements about the broker's $6.3bn (£3.9bn) exposure to European sovereign debt.
The IBEW Local 90 Pension Fund and the Plumbers & Pipefitters' Local #562 Pension Fund are suing RBS, JP Morgan and Goldman Sachs in a class action lawsuit in New York, following the collapse of the broker,...
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