Royal Bank of Scotland is considering launching a civil suit against Goldman Sachs to recoup additional losses sustained through its investment in a controversial mortgage-backed security that prompted a Securities and Exchange Commission fraud suit, a person familiar with the matter said Friday.

Goldman Sachs yesterday settled civil charges with the SEC on the marketing of the security: a package of debt securities called Abacus 2007-ACI.

RBS may launch civil suit against Goldman Sachs

UK bank considering trying to recoup additional losses sustained through controversial Abacus investment

Dow Jones Newswires

Goldman Sachs

Royal Bank of Scotland

Meet the Rising Stars of European Finance 2025

Meet three of FN’s Rising Stars of European Finance

Pimco Emea boss Craig Dawson returns to California for new role

https://images.fnlondon.com/im-22233932?size=1.5

Christian Stracke, global head of credit research, will run Emea from bond giant’s London office

BNP Paribas flies in Lynagh from New York to head UK global banking

https://images.fnlondon.com/im-10531328?size=1.5

Mark Lynagh is succeeding Matthew Ponsonby who has resigned from the bank

PwC hires Jefferies managing director in deals push

https://images.fnlondon.com/im-75247515?size=1.5

Big Four firm boosts insurance M&A team with hire from US bank

The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

EU Has Plan to Retaliate on U.S. Tariffs, Von der Leyen Says

The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in AI.

How Is SoftBank Funding Its Mega Investment in OpenAI? A Lot of Debt

The BlackRock CEO says he wants individuals to have better access to the menu of private and illiquid investments that have long been core holdings of pensions, endowments and other institutions.

Larry Fink Says Regular Americans Need Private Assets Too

The prospect of a radical escalation in the global trade war in the coming days has nearly doubled the probability of a recession in the U.S. economy in the next 12 months to around 35%, according to Goldman Sachs.

Goldman Sachs Lifts U.S. Recession Probability to 35%

Tariff uncertainty and a flagging tech trade dragged the S&P 500 and Nasdaq lower to start 2025.

U.S. Stocks Post Worst Quarter Since 2022 on Threat of Trade War

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