US hints at delay to huge bank fines for mortgage mis-selling

A series of huge fines from US regulators for mis-selling mortgage securities could be delayed until after next month’s presidential election, dealing a blow to Royal Bank of Scotland’s (RBS’s) hopes of finalising a settlement by the end of the year.

Sky News has learnt that Department of Justice (DoJ) representatives have signalled in recent days that the imposition of penalties on Barclays, Credit Suisse and Deutsche Bank may not be concluded until closer to the arrival of the new US administration in January.

Read on.

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