UPDATE 1-RBS to pay $5.5 bln to resolve major U.S. mortgage probe
July 12, 2017 at 08:57 AM EDT
LONDON/NEW YORK, July 12 (Reuters) - Royal Bank of Scotland will pay $5.5 billion to settle one of the two major U.S. investigations into allegations it mis-sold mortgage-backed bonds that it needs to resolve before the British government can sell its shares.