UPDATE 1-RBS set to seek more after $100 mln Goldman payout

* RBS gets $100 mln in Goldman settlement, but lost $841 mln

* Part-nationalised bank expected to seek more from Goldman

* RBS says will “consider all options”

(Adds comment from RBS, details)

LONDON, July 16 (BestGrowthStock) – Royal Bank of Scotland (RBS.L: )
may pursue Goldman Sachs (GS.N: ) for hundreds of millions of
dollars to add to $100 million it received as part of a
settlement over the marketing of a subprime mortgage product.

RBS said on Friday it would “carefully consider all of its
options” after Goldman agreed on Thursday to pay it $100 million
as part of a $550 million payment to settle civil fraud charges
over how it marketed the subprime mortgage product.

RBS declined to comment on whether it would sue Goldman for
the remaining cash, but some investors have urged it in the past
to pursue civil action and Goldman said in a statement late on
Thursday that its marketing materials for the Abacus 2007-ACI
transaction contained incomplete information.

RBS is 83 percent state owned and former UK Prime Minster
Gordon Brown said in April that Goldman would have to pay back
“hundreds of millions of dollars” if the charges against it are
proven. [ID:nLDE63M1RN]

The U.S. Securities and Exchange Commission said the penalty
left the door open for future civil suits. [ID:nN15225672]

(Reporting by Steve Slater; editing by Simon Jessop)

UPDATE 1-RBS set to seek more after $100 mln Goldman payout