The Royal Bank of Scotland has consented to a £359.7m settlement with New York State over the mis-offering of financial items ahead of the pack up to the 2008 worldwide financial crisis.

RBS is the 6th bank to settle with the state over similar claims, connected to risky mortgages.

The agreement will see the bank pay £288.1m in help to property holders, and in addition $72m to the state.

RBS still faces a conceivably enormous fine from the US Department of Justice.

The bank said a month ago that it had set aside £3.2bn to cover up and coming settlements with the US and others.

The sale of the risky mortgage backed securities had added to a housing value crash amid the financial crisis, the New York attorney general’s office said.

“While the financial crisis may be behind us, New Yorkers are still feeling the effects of the housing crash,” said state attorney-general Eric Schneiderman.

“Today’s settlement is another important step in our comprehensive effort to help New Yorkers rebuild their lives and communities.”

RBS is greater part owned by the UK government. It has been attempting to come back to financial well-being since the financial crisis, when it was rescued for many billions of pounds.

The bank said a month ago that it had come back to benefit without precedent for a long time.