RBS to pay $4.9 billion to settle U.S. claims it sold risky mortgage bonds that fueled financial crisis

RBS shares rose as much as 6.6% in London trading after RBS announced the settlement, which was well below the $12 billion some analysts had forecast. RBS said it had already set aside $3.46 billion to cover the settlement, and it will take an additional charge of $1.44 billion in the second quarter.