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RBS to pay more than $44 million to settle U.S. trading fraud probe

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RBS to pay more than $44 million to settle U.S. trading fraud probe

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(Reuters) – A unit of Royal Bank of Scotland Group Plc <RBS.L> has agreed to pay more than $44 million and enter a non-prosecution agreement to settle a U.S. criminal probe into fraudulent trading through a now-defunct bond trading group. The settlement was announced on Thursday by U.S. Attorney Deirdre Daly in Connecticut. RBS Securities Inc will pay a $35 million fine, plus at least $9.09 million of restitution to affected customers, including recipients of federal bailout money, Daly said.

(Reporting by Jonathan Stempel in New York; Editing by Chizu Nomiyama)
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