UK press say US Justice Department expected to demand $10bn from RBS next year

The Sunday Times in the UK reporting on what appears to be the next bank in the crosshairs of the US Department of Justice

Expected to demand $10bn from Royal Bank of Scotland next year

The paper goes on:

• Royal Bank of Scotland have already agreed to pay USD1.1bn in fines to resolve allegations re mortgage backed securities ... RBS say they've "set aside $5.6bn to cover a settlement with the Federal Housing Finance Agency"
• BUT ... the bank "has not yet made a provision for the justice department's penalty"

GBP has been weak in opening trades, this won't be helping. GBP/USD around 1.2916 last, from around 1.2970 late US trading.