Email Facebook Twitter

ASCENT RESOURCES: Gas flows mean cash flows to develop up to 15 wells

RBS Share News (RBS)

Stock Market news at - RSS News Feeds

Share News for RBS (RBS)

Share Price: 274.40Bid: 274.40Ask: 274.50Change: 0.00 (0.00%)No Movement on Royal Bank Scot
Spread: 0.10Spread as %: 0.04%Open: 272.30High: 275.10Low: 272.10Yesterday’s Close: 274.40

UPDATE 1-RBS returns to profit, to finish restructuring in 2014

Fri, 3rd May 2013 07:29

LONDON, May 3 (Reuters) - State-backed Royal Bank of Scotland reported its first quarterly profit in 18 months on Friday and said it expected to complete its restructuring during 2014, potentially enabling the government to start selling shares.

RBS, which is 82 percent-owned by the taxpayer, made a pretax profit of 826 million pounds ($1.3 billion), compared with a loss of 1.5 billion pounds in the same period last year. Analysts had forecast a profit of 800 million pounds.

Chief Executive Stephen Hester has overseen the shedding of around 900 billion pounds in assets and is focusing on lending to British households and small businesses.

"We expect to substantially complete the bank's restructuring phase during 2014. We are seeing the start of a pick-up in loan demand and have a strong surplus of funds ready and available to support economic recovery," he said.

However, Hester still has major hurdles to overcome. Britain's financial regulator said in March that UK banks must raise 25 billion pounds of extra capital by the end of the year to absorb any future losses on loans.

Although the regulator has not yet given specific guidance to individual banks, analysts expect the biggest shortfall to be at RBS.

RBS said its capital position had improved during the period and its core tier one ratio - a bank's main benchmark of health - had risen by 50 basis points to 10.8 percent. It expects to have a core capital ratio of 9 percent at the end of 2013 on the basis of full implementation of tougher Basel III capital rules.

Britain's regulator wants major lenders to achieve a core tier one ratio of at least 7 percent.

(c) Copyright Thomson Reuters 2013. Click For Restrictions -

FTSE rises as sterling's decline boosts exporters

(ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)*
[13 Nov '17 10:41]

UPDATE 1-ICAP wins fight against EU yen Libor cartel ruling, fine annulled

(Updates with European Commission comments)By Foo Yun CheeBRUSSELS, Nov 10 (Reuters) - The world's biggest interdealer broker TP ICAP on Friday won it
[10 Nov '17 15:10]

Ireland's PTSB no longer required to hold extra capital buffer

DUBLIN, Nov 10 (Reuters) - Irish mortgage lender permanent tsb (PTSB), which has reduced the size of its loan book, will not have to hold an extra buf
[10 Nov '17 13:51]

ICAP wins fight against EU yen Libor cartel ruling, court annuls fine

By Foo Yun CheeBRUSSELS, Nov 10 (Reuters) - The world's biggest interdealer broker TP ICAP won its fight against a 14.9 million euro ($17.3 million) f
[10 Nov '17 11:21]

MOVES-Mizuho hires Greenwood as managing director for loans

By Kristen HaunssNEW YORK, Nov 9 (Reuters) - Mizuho Americas has hired Susan Greenwood for loan sales for syndicated finance as the bank seeks to buil
[9 Nov '17 20:47]

UPDATE 1-Bank of Ireland to compensate further 6,000 customers

* Government threatened increased bank levy* Compensation trims core capital to 12.5 pct from 12.8 pct* New CEO says substantial progress made on trac
[9 Nov '17 15:58]

UPDATE 2-Bank of Ireland to compensate 6,000 more mortgage clients

* Government threatened increased bank levy* Redress trims core capital to 12.5 pct from 12.8 pct* New CEO says substantial progress on tracker loans
[9 Nov '17 15:58]

Whiff of French revolution is good for banks -BoE policymaker

By Huw JonesLONDON, Nov 7 (Reuters) - The Bank of England has not overstepped the mark in regulating lenders and interventions in politically sensitiv
[7 Nov '17 18:40]

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.