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RBS Share Chat (RBS)



Share Price: 249.20Bid: 241.10Ask: 260.00Change: 0.00 (0.00%)No Movement on Royal Bank Scot
Spread: 18.90Spread as %: 7.84%Open: 249.20High: 0.00Low: 0.00Yesterday’s Close: 249.20


Share Discussion for RBS


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honestbob
Posts: 1,139
Off Topic
Opinion:No Opinion
Price:251.50
how the bank went bust
Tue 09:29
If anyone interested a google search on - Royal Bank of Scotland investigation: the full story of how the 'world's biggest bank' went bust - brings up a very readable version of the events

It is clear that Goodwin with little experience of banking was largely out of his depth

There was a highly paid board of directors who should have seen this

Similarly very senior figures in the bank ought to have seen some of his ideas were dangerous , but did not speak out .

I think Steven Hester quickly got a real grasp on the problem and could have pulled off a turn around sadly he was replaced
 
LennyMac
Posts: 702
Off Topic
Opinion:No Opinion
Price:252.60
Henry
Mon 12:45
Fred Goodwin was a disaster. Him and his cabal of sheisters and crooks should have been strung up for the morass into which their hubris and poor judgement placed the whole economy, not just the bank. It has been a decade since RBS shares were worth anything and to be honest, it might have been a better idea to have simply junked RBS and sold the lot off. It is a bit rich (pardon the pun) to say that RBS has 'been forced into throwing away billions selling assets far too cheap' when the bank was (and has been ever since) in desperate hock to the government in 2008. I'd say that having to flog off assets is the very least that could be done, at whatever price, in return for not breaking the bank up.
Honesthenry
Posts: 81
Off Topic
Opinion:No Opinion
Price:252.40
Love this board
Sun 18:57
Because unlike Lloyds 100 posts about Brexit to the Tory Party and dear old Jeremy we only have the occasional poster going on about how we done bad lol.
The reality is dear old Fred the Shred wasn't that bad and we have been forced into throwing away billions selling assets far too cheap.
Oh dear not yo worry surely Ross the Boss will come good when the Intrim results are announced.
tiltingatwindmil
Posts: 33
Off Topic
Opinion:No Opinion
Price:252.40
RE: More fines to come
14 Jul '17
There are loads more cases in the wings just waiting to
Come out. Watch this space. My advice I should not give it because it would be sooo negative so maybe you make up your own minds. Onwards ever upwards or maybe not. Anyway relating to another miscarriage of justice -- How can society impose a legal embargo on parents relating to trying to save their children's life. Who do these people think they are?? Let Charlie live.
honestbob
Posts: 1,139
Off Topic
Opinion:No Opinion
Price:251.50
Parpaing
12 Jul '17
Halfmist right company's don't go bankrupt - they become insolvent. This when liabilities exceed assets - pretty much the same thing

That is what happened with ill fated rights issue and HMG bought 40 billion odd of shares to prop RBS up
HALFMIST
Posts: 362
Off Topic
Opinion:No Opinion
Price:251.50
more fines to come
12 Jul '17
Not a bad result since it had already provided £3.6 billion of it. As regards going bankrupt, only an individual can go bankrupt, a company cannot. Plus its reserves after provisions stand at over £50 billion so RBS can well afford it. What the market doesn't like about the company statement is, it still cannot say what the other case will cost,
or whether the company will contest it
Northy
Posts: 154
Off Topic
Opinion:No Opinion
Price:251.60
RE: More fines to come
12 Jul '17
Now fallen 11p in two hours since the expected news came out. Will hate to see what happens when unexpected news is released!
Parpaing
Posts: 870
Off Topic
Opinion:No Opinion
Price:256.20
More fines to come
12 Jul '17
RBS must be bankrupt by now with all the fines and what about the exchange rate fiasco?
Northy
Posts: 154
Off Topic
Opinion:No Opinion
Price:256.20
RE: Settlement
12 Jul '17
Only one more big one to go, what's another £6b between friends.
Grayling
Posts: 961
Observation
Opinion:Sell
Price:256.50
Settlement
12 Jul '17
RBS agrees £3.65bn settlement over risky mortgages in US. I guess you could say this is positive and draws a line under the whole sorry affair. However, I was glad to get shot of these back in April 2013 for a 36% loss. I have more than recouped this since by investing the residue elsewhere.




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