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Royal Bank of Scotland Share News (RBS)



Share News for Royal Bank of Scotland (RBS)


Share Price: 343.10Bid: 343.00Ask: 343.10Change: 0.00 (0.00%)No Movement on Royal Bank Scot
Spread: 0.10Spread as %: 0.03%Open: 340.50High: 350.80Low: 340.50Yesterday’s Close: 343.10




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







UPDATE 2-Switzerland's UBP to buy RBS's Coutts International

* Deal bolsters UBP's Asian business* RBS looking to focus on core UK retail, commercial banking* Price to be set by assets remaining when deal closes
[Yesterday 11:40]

UPDATE 1-Switzerland's UBP to buy RBS's Coutts International

(Adds detail, changes dateline)ZURICH/LONDON, March 27 (Reuters) - Union Bancaire Privee (UBP) has agreed to buy Royal Bank of Scotland's internation
[Yesterday 08:13]

Swiss private bank UBP says to buy RBS's Coutts International

ZURICH, March 27 (Reuters) - Swiss private bank Union Bancaire Privee (UBP) said on Friday it had agreed to buy Royal Bank of Scotland's international
[Yesterday 07:37]

UPDATE 2-UBP set to buy RBS's Coutts International

(Adds detail)ZURICH, March 26 (Reuters) - Swiss private bank Union Bancaire Privee (UBP) is set to buy Royal Bank of Scotland's international private
[Thu 19:12]

MEDIA-Former Ofcom Chief Ed Richards to lead bank body overhaul - Sky News

-- Source link: (http://bit.ly/19nN67i)-- Note: Reuters has not verified this story and does not vouch for its accuracy
[Thu 19:10]

REFILE-Nomura, RBS 'crap' emails come into play in $1 bln mortgage bond trial

(Corrects date to March 26)By Nate RaymondNEW YORK, March 26 (Reuters) - In 2007, a Royal Bank of Scotland Group Plc employee emailed his boss with hi
[Thu 18:34]

Nomura, RBS 'crap' emails come into play in $1 bln mortgage bond trial

By Nate RaymondNEW YORK, March 25 (Reuters) - In 2007, a Royal Bank of Scotland Group Plc employee emailed his boss with his view of a sample of mortg
[Thu 18:31]

UPDATE 1-UBP set to buy RBS's Coutts International -source

(Adds that Coutts International and RBS declined to comment, detail)ZURICH, March 26 (Reuters) - Swiss private bank Union Bancaire Privee (UBP) is set
[Thu 18:26]



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