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(Reuters) - Former Israeli president and elder statesman Shimon Peres died in Tel Aviv on Wednesday aged 93, according to media reports. Peres was hospitalized following a stroke two weeks ago and had made some progress before a sudden deterioration in his condition on Tuesday. Details of when the funeral will take place were not initially available. (This version of the story has been corrected to remove reference to Israel News Agency, which has no connection to Israel government) (Reporting by New York and Washington Desks)
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.