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Share Views: HUM CEO updates on Yanfolila and Dugbe Gold Projects. Watch here

Share Views Ep. 19
HUM CEO updates on Yanfolila and Dugbe Gold Projects.


Royal Bank of Scotland Share News (RBS)

Stock Market news at lse.co.uk - RSS News Feeds

Share News for Royal Bank of Scotland (RBS)


Share Price: 193.40Bid: 193.40Ask: 193.50Change: 0.00 (0.00%)No Movement on Royal Bank Scot
Spread: 0.10Spread as %: 0.05%Open: 198.40High: 200.00Low: 193.20Yesterday’s Close: 193.40




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 - http://about.reuters.com/fulllegal.asp







Ulster Bank a key part of RBS' post-Brexit options-CEO

DUBLIN, Dec 1 (Reuters) - Britain's vote to leave the European Union has strengthened the strategic importance of Ulster Bank to RBS and the Irish len
[1 Dec '16 10:45]

Surging oil price pushes Britain's FTSE higher

* FTSE 100 up 0.2 pct* Energy sector biggest riser as oil soars on OPEC deal* RBS falls after failing bank stress test* Ashtead, Zoopla, RPC hit recor
[30 Nov '16 17:21]

BoE puts AT1 through its paces with most severe tests yet

By Alice GledhillLONDON, Nov 30 (IFR) - UK banks' Additional Tier 1 bonds would be fair game and converted into equity if they hit severe problems, th
[30 Nov '16 15:25]

RBS to bolster capital after flunking UK stress test

By Steve Slater and Huw JonesLONDON, Nov 30 (IFR) - Royal Bank of Scotland must bolster its capital after failing this year's stress test of British l
[30 Nov '16 12:22]

RPT-UPDATE 3-British lender RBS to bolster capital after failing stress test

(Repeats to add link to related content; no change to text changes)* State-backed RBS needs about 2 bln stg in additional capital* Bank of England see
[30 Nov '16 12:17]

UPDATE 1-Bank of England sees global financial risks after Trump victory

* BoE flags big rise in bond yields after Trump victory* UK central bank also sees risk of further trade slowdown* Disorderly Brexit would threaten UK
[30 Nov '16 12:16]

UPDATE 3-British lender RBS to bolster capital after failing stress test

* State-backed RBS needs about 2 bln stg in additional capital* Bank of England sees challenging outlook for financial system* RBS shares fall as much
[30 Nov '16 12:09]

UPDATE 2-RBS fails Bank of England stress test, must bolster capital

* RBS needs about 2 bln stg in additional capital* Bank of England sees challenging outlook for financial system* RBS shares fall 2.3 pct* Graphic: RB
[30 Nov '16 09:11]



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