Email Facebook Twitter

Caps Lock on… DAVID LENIGAS on this week’s Share Views!! Watch here

Share Views Episode 10 - DAVID LENIGAS talks Gatwick Gusher and AAAP

Royal Bank of Scotland Share News (RBS)

Stock Market news at - RSS News Feeds

Share News for Royal Bank of Scotland (RBS)

Share Price: 178.80Bid: 178.80Ask: 178.90Change: 0.00 (0.00%)No Movement on Royal Bank Scot
Spread: 0.10Spread as %: 0.06%Open: 173.80High: 179.20Low: 168.20Yesterday’s Close: 178.80

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 -

Irish central bank worried about progress on non-performing loans

DUBLIN, Sept 30 (Reuters) - Ireland's central bank is not satisfied with lenders' continued efforts to tackle high levels of non-performing loans, whi
[30 Sep '16 16:19]

RBS renames investment bank as NatWest Markets

By Steve SlaterLONDON, Sept 30 (IFR) - Royal Bank of Scotland is renaming its corporate and institutional banking (CIB) as NatWest Markets, a throwbac
[30 Sep '16 10:45]

UPDATE 2-RBS unveils brand changes, new structure in ring-fencing revamp

(Adds analyst comment, updates shares)By Andrew MacAskill and Sinead CruiseLONDON, Sept 30 (Reuters) - Royal Bank of Scotland is to separate its reta
[30 Sep '16 10:41]

UPDATE 1-RBS unveils sweeping new structure as ring-fencing looms

(Adds CEO comment, recasts)By Andrew MacAskillLONDON, Sept 30 (Reuters) - Royal Bank of Scotland has unveiled sweeping structural reforms ahead of ne
[30 Sep '16 08:13]

RBS unveils sweeping new structure as ring-fencing looms

LONDON, Sept 30 (Reuters) - Royal Bank of Scotland announced on Friday a sweeping overhaul of its structure and banking brands as it outlined plans t
[30 Sep '16 07:26]

UPDATE 2-Germany's Commerzbank cuts nearly 10,000 jobs, halts dividend

* To cut 9,600 full time positions in overhaul* To halt dividends payment for time being, retain earnings* Expected 700 mln euro writedown seen prompt
[29 Sep '16 14:44]

Investors forfeit new issue premiums for BoE-eligible paper

* 2 BoE-eligible corporates hit sterling market* Northumbrian Water could price inside curve* BoE to publish purchases from next weekBy Tom PorterLOND
[29 Sep '16 13:34]

UK finance minister confirms end to support for high loan-to-value mortgages

LONDON, Sept 29 (Reuters) - British finance minister Philip Hammond said on Thursday he planned to close a government-backed mortgage guarantee scheme
[29 Sep '16 10:16]

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.