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Looking good
Not a lot to stop this now come on 300 by end of play please.
To come on board. To really push this up to where it belongs. £5-6 imho GLA
http://www.bbc.co.uk/news/business-44065647 "The even better news for RBS is that it had already set aside $3.5bn to pay this and will only have to take an additional hit of $1.4bn - or just over �1bn. That's about three months' worth of profit, which means that RBS should make a full-year profit for only the second time in 10 years. The bank has enough shock-absorbing capital to start paying some of those profits out in dividends, which will make the bank easier to sell back to the private sector, which is helpful as the government owns over �20bn worth of shares. " "The bank has enough shock-absorbing capital to start paying some of those profits out in dividends, which will make the bank easier to sell back to the private sector, which is helpful as the government owns over �20bn worth of shares."
The RBS share price should be much higher as DOJ fine was the main reason for the share price being held back. Now that DOJ has come to a agreement in principle this should be flying over 10% .... Can not work out what it's still doing around 283.5 up 2.65% Hmmm strange ........
The share price will correct itself in the next 6 months 400 target get in there Already treating myself to a steak supper tonight ! 300 by end of play should be on the cards !
I bought in at 10.75p + costs, way back in 2008, sat through the roller coaster ride like many, this little brutal heart burster will go up and down,personally waiting for 500p then and only then will I concider a sale !! happy holidays everyone..
Need to close above 290+ for this to move up ..... I was thinking this should of opened much higher maybe after BOE meeting we will move higher .......
Wait till about 08:15
As of now, sell at 291
As of now, sell at 291
Can't seem to find it. Anyone know it?
Well sorry for not feeling as darned lucky and well done by as you infer. As ever us small PI's have been screwed over by a combination of rapacious management, incompetent government and toothless regulators. The government were not fairy godmothers flying in to save our nest eggs, they were motivated by fear, that if the first domino fell the rest would follow and they would be totally in the brown stuff. Hardly altruistic motives. So, if, and with this company it's a big if, this is the end of the liabilities, we can hopefully look forward to some old style boring but profitable business.
Indeed good news. Can see 300p+ today
�3.6m actual compared to �2.9m provisioned with �9m highest estimate. Could have been a hell of a lot worse. Onward and upward IMO. Phew
Far from being milked by the UK Gov, this bank has been saved by it. This bank was one of those responsible for a global meltdown which its owners (the shareholders) didn't pay the full cost of � that was the UK taxpayer, who is now also stumping up for this fine. If the government sells its shares off at a profit, that's dandy. If they instead opt to take what money they can get and run, then the shareholders have done very well out of this (having something, no mattter how small, left rather than nothing) and the UK taxpayer has born the burden for them. Socialisation of risk, privatisation of reward. I'd keep those violins in their cases and thank the perverse gods of economics who we currently worship
I think you mean now our wonderful allies the US have screwed the British Government and its poor people (like me) for all our cash. Ony one thing wrong with Juy 4th - we don't celebrate it enough and have never implimented its directives.
Some articles that is less than half they estimated. Lets hope for a good day and return of divi now.
https://www.bloomberg.com/news/articles/2018-05-09/rbs-agrees-to-pay-4-9-billion-fine-to-end-u-s-mortgage-probe Now hopefully this bank can move on.... Now that every Tom Dick and GOV has milked it for all it's wrong doings ....
RBS agreed to pay above fine to US to settle ... on BBC news
yep RBS looking good lets get american fine out of the way & I am hoping this will fly. been buying these cheap as chips over the last couple of years. quite a few under 200 winner winner chicken diner ! Well i wish ! Not sure how keeping branches open would have helped TSB IT problem ?
Looks like a retest of 290 maybe on the cards in a few days ....Only time will tell
RBS to close 162 branches with loss of 800 jobs as a result of a deal made with the European Union last year that meant the Edinburgh-based bank would no longer be forced to sell 300 branches. Instead 60% of them will be shut down. The EU had demanded the sale, to increase competition, as a condition of the RBS taxpayer bailout in 2009. RBS is still 71%-owned by taxpayers. The TSB computer systems crash last week has demonstrated without question that the banking system needs its branch network more than it ever has.The bank pledged to increase telephone banking services and improve online and app messaging services.
RBS still grappling with the same old problem as previous reporting . Net interest margins fell again by two basis points to 2.04 %. The bank must improve this part of their their asset management, if they wish to remain highly competitive and profitable in future years.
Good results. No news from US DUJ's investigation into historical mis-selling. �2.5bn set aside but some analysts are expecting upto �9bn fine - in which case goodbye dividend. No mention of the negative/deteriorating net promoter scores in business banking. Surprised sp is holding up so well !