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JERUSALEM (Reuters) - Former Israeli president and elder statesman Shimon Peres died in Tel Aviv on Wednesday aged 93, Israel Radio said. Peres was hospitalized following a stroke two weeks ago and had made some progress before a sudden deterioration in his condition on Tuesday. An official announcement of the death of the Nobel Peace Prize laureate and former prime minister was expected at around 7 a.m. local time (04:00 GMT). (Writing by Ori Lewis; Editing by Michael Perry)
Royal Bank of Scotland Group Plc will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. National Credit Union Administration (NCUA) said on Tuesday. The settlement with RBS brings the U.S. regulator's recoveries against various banks to $4.3 billion in lawsuits over their sale of mortgage-backed securities before the 2008 financial crisis.