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This deal is a big improvement on the fantastic bargain they got with ABN Amro ! Then they paid three times book value but this time only 89%. Suspect the result will be the same - another complete waste of money.
Paid £53 million for FREE!!! Can’t make a decent deal to save their lives this comkant just throws money away money they don’t even have!! Hilarious wouldn’t buy the stock if it was at a 30% discount
Surprised that RBS have bought an accounting software company. Looks like a good idea but at a 84% premium ?! From RNS today : "Royal Bank of Scotland PLC said on Tuesday it has agreed to acquire accounting software firm FreeAgent Holdings PLC at 120p per share in cash, valuing the company at GBP53 million. Shares in FreeAgent were up 84% at 118.80p following the news, while RBS was up 1.2% at 261.70p".
Expect London Market to remain subdued this morning until Wall Street opens later. Could be in for a volatile trading session this afternoon. Another fine mess you have gotten us into Donald Trump.
Dail Mail �Fraudster� who led fight against the bank could walk off with millions:RBS and the bizarre case of �200m action group deal http://www.dailymail.co.uk/money/news/article-5458423/RBS-bizarre-case-200m-action-group-deal.html
ollieber, Investors are becoming increasingly nervous, red lights are now flashing. Stockmarkets and asset prices around the world are overvalued after being fuelled by unsustainable cheap Central Bank money and are now currently entrenched in a false manipulated market bubble, financial markets have been acting in an irrational manner for far to long now. Traders on both sides of the pond are now beginning to price in the inevitable sharp Wall Street led correction in share prices which will help return equity markets to some form of recognisable economic normality.
2% down already today, down 8% from just the start of the month. Where will this end?
Half decent set of full year results and the rehabilitation of the Bank almost completed. However investors did not like the size of the remaining restructuring charges of 2.5 billion pounds and a further decline in the Bank operating nett interest margins, hence the drop in the share price.
And we drop..........1st profit in 10 years ?
Fair point and some lenders you are right would not be keen - depend on lenders criteria and guidelines Others as long as the loan was serviceable might be Thing to do would be to approach a mortgage broker . This would not hurt any way - and if a house equity release approach not possible then commercial loans could be looked at Approaching mortgage broker also have effect of seeing what else is out in market place and could actually confirm perhaps that the RBS various requirements are not unreasonable
No your correct share as done nothing really
Hi I do not hold shares in RBS when Steven Hester was CEO in RBS the share price was 27p then he gave you 10 for one so look at today it is at a standstill or have I got it incorrect
I doubt very much that a remortgage of a personal property would be allowed to buy in shares in a business. The only way to do it would be to lie on the application that it is for home improvements or something.
Thought, come on let's have a look, nice finish to a promising week. And blimey looks as though someone fell off a cliff. Biggest hourly drop in a year.
Indeed but the results are clearly work in progress. The warning that substantial costs are still to come wrt legacy items while surprising no one, does little to create a warm fuzzy feeling. No promise of jam tomorrow a 10 ton gorilla sitting on its back in the form of HMG does the rest. Patience needed - sadly.
First profit in ten years and it falls 4%.
Just a thought as it will be you hat - if all goes ahead - owns your partners share - why do you not remortgage one or other of your houses to release equity to buy your partners share . You can repay the mortgage using the profits that would have been due to your partner which you should now get If you can do this you will probably find it far cheaper than the complicated route the bank seems to want Before doing anything though I should speak to your accountant
When hear the horrors from the report on Banks GRG section perhaps you are very lucky not to have had any business lending with them
The Pyrrhic Cup?
What exactly have you won ?
RBS Shareholder Committee: We�ve (almost) won! hTTps://www.sharesoc.org/sharesoc-news/rbs-shareholder-committee-weve-almost-won/
Guess your business is not proof reading text!
I own a buissiness , and my partner wants to retire , so the buissiness wants to borrow of our bankers of 8 years the rbs. Not a massive amount, the buissines is debt free, owns it's own building, got fantastic accounts. We have now been negotiating for 4 months, they want me to put my 2 houses up, as security ,set up holding componys, they don't answer calls , it makes me sick when people like me who have fantastic track records, can't borrow, then you read there owed millions by some big listed compony , who cooks the books, run by incompetents who no nothing abou t the buissiness there in . It's gone too far ,and hopefully we will get the money, but as soon as , I'm changing banks.
The Treasury has held secret talks with‎ US officials aimed at accelerating a multibillion fine for Royal Bank of Scotland (RBS) that would finally draw a line under its pre-bailout misconduct. Sky News has learnt that officials from the Treasury were due to discuss earlier this week the progress of settlement negotiations between RBS‎ and the Department of Justice (DoJ) over the mis-selling of residential mortgage-backed securities (RMBS). The talks were scheduled just days before the state-backed lender is expected to report its tenth consecutive annual loss - depending upon whether it takes another big charge for the impending DoJ fine. A senior City insider said this weekend that discussions between the Treasury and US officials were aimed at expediting a final penalty for the bank, which some analysts predict could be higher than £5bn. RBS ‎has already set aside $3.3bn (£2.4bn) to cover the DoJ penalty, and last year paid $5.5bn (£4bn) to the Federal Housing Finance Agency (FHFA) in relation to the bank's issuance and underwriting of $32bn of RMBS during the leadership of former boss Fred Goodwin. One source said on Saturday that the Treasury's intervention could lead to a deal with the DoJ being agreed within weeks, although the timing remains uncertain. Talks between the DoJ and a cluster of international banks, which also includes Barclays, stalled for months following the election of Donald Trump, the US President, because of a dearth of senior officials within the agency. With that staffing vacuum now resolved, both RBS and the UK Treasury want a settlement agreed as quickly as possible. It is conceivable that the bank could take another major provision in its 2017 results, which will be signed off by its board shortly before it announced full-year figures on 23 February. However, without greater certainty over the likely penalty, RBS will have to delay any new charges until this financial year, making it probable that it will also be loss-making in 2018.
Yeah am begining to think so. Hope it keep slowly dropping I need a couple of more weeks to amass resources Still got this fine to pay to Donald yet, if that's more than 10 billion, could be a big prob for RBS. 10 billion, blimey abet someone gets a proper ticking off for that mistermener. Probably cancel his luncheon vouchers bless him. Thank God he didn't do it in the real world, they would throw the Key away. 😂🤣😅😃