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March 27, 2015

Nomura, RBS ‘crap’ emails come into play in $1 billion mortgage bond trial

NEW YORK (Reuters) – In 2007, a Royal Bank of Scotland Group Plc employee emailed his boss with his view of a sample of mortgages underlying a bond that the bank was underwriting: “This one is crap.”

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Read the full Reuters story by Nate Raymond here.

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