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Is the Bull Market over? Andre Minassian says no! Watch here

Is the Bull Market over? Andre Minassian says no!


Royal Bank of Scotland Share Chat (RBS)



Share Price: 220.90Bid: 220.90Ask: 221.00Change: 0.80 (+0.36%)Riser - Royal Bank Scot
Spread: 0.10Spread as %: 0.05%Open: 220.40High: 223.00Low: 218.70Yesterday’s Close: 220.10


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mailman
Posts: 2,333
Off Topic
Opinion:No Opinion
Price:221.50
hmm
Fri 09:43
rafidell... Interesting post...

Sadly it is full of the usual if and buts and could or maybe's...

RBS moves up and regardless of reports over the past 7 years as many of us have experienced .. Re my post last Monday...

Have good weekend all..
 
rafidell
Posts: 64
Observation
Opinion:Strong Buy
Price:222.30
hmm
Fri 08:58
NewsBusinessBusiness News
RBS considers accepting multi-billion pound legal hit over mortgage bond mis-selling probe

Edinburgh-based bank among the final few global lenders yet to settle in a years-long US investigation that’s garnered more than $50bn
Richard Partington Friday 20 January 2017

The majority taxpayer-owned bank could face a hit of £2.7bn this quarter EPA
Royal Bank of Scotland is considering taking a multi-billion dollar settlement over a US mortgage securities probe, that would give an indication of the size of the full settlement, according to people with knowledge of the matter.

The UK taxpayer-owned lender could base a provision on Deutsche Bank’s $7.2bn (£5.85bn) settlement and Credit Suisse’s $5.3bn in accord with the US Justice Department, said the people, who asked not to be identified because the details are private.

The Edinburgh-based bank is among the final few global lenders yet to settle in a years-long probe that’s garnered more than $50bn in penalties for the DOJ since it began investigating the pre-crisis sale of mortgage bonds. Before taking a provision, RBS would need approval from its non-executive board and external auditors, according to a person with knowledge of the matter.

READ MORE
RBS LEGAL BATTLE WITH SHAREHOLDERS ISN'T OVER DESPITE SOME SETTLING
RBS must also consider that President Elect Donald Trump may make changes at the DOJ that could affect banking industry penalties, the person said.
mailman
Posts: 2,333
Off Topic
Opinion:No Opinion
Price:220.10
hmmm
Thu 17:25
rafidell and all, with all due respect all this Brexit waffle will go on for ages, and as for uncertainty, well we all live by unceratinty everyday.. Nobody knows what the next 5 years will bring in or out of the EU or we would all be rich and have less stress.. 90% of us have little say in our future after any vote, and then the result is then in other people's hands. No political person gives a straightforward positive definite answer to questions put them that is telling us what is going to or will happen. That has been the case for the past 50 years that I know of...

The bottom line to the majority regarding Brexit in the UK is... What will be will be... And as many changes come along... We will adapt as usual.. Apart from a major earthquake or nuclear attack or whatever..

Life in the UK is getting more stressful every month as the population and traffic increases and NHS and ongoing monetary cuts creates more ongoing problems... In the meantime countless reports, statements and debates will no doubt be coming through the usual media systems in the next 2 years .. So we will listen, learn and digest and probably end up being none the wiser of what will happen in future coming years...

We haven't even started Brexit yet and countless opinions are in the news every week of what might happen if something else happens .. Hardly a basis of any discussion of certainty of what could really happen...

Meanwhile as always Uncertainty is one of the Certain things in life... So Theresa May must Revaluate and Renegotiate and Reinstated what has to be done.... Simple requests,... that many I would think would want after Brexit ... But that's just my opinion...

Good Luck All
rafidell
Posts: 64
Observation
Opinion:No Opinion
Price:218.40
hmmm
Thu 08:51
Malcolm Buchanan RBS
Malcolm Buchanan (Photo credit: RBS)

RBS could use its banking licenses in Europe to maintain access to the European Union if Brexit disrupts Britain's international financial services, its Scottish chairman has said.

Malcolm Buchanan, managing director of corporate and commercial banking in Scotland, said RBS is "still trying to work out what Brexit means" and is scoping out various scenarios to maintain access to Europe.

On Tuesday, Theresa May warned hardline Europeans seeking to punish Britain for leaving the EU that any deal that disrupts trade between the UK and the single market would backfire as European firms would also be denied access to the City of London.

But Buchanan suggested Ulster Bank, which is licensed to operate in the Republic of Ireland, or the existing banking licences RBS has in other EU Member States will ensure the bank continues to operate in the EU.

In an exclusive interview with Holyrood, conducted before May confirmed she intends to take the UK out of the single market, Buchanan said its European banking licenses could afford the bank "some flexibility".

However, he was reluctant to speculate on how this might work in practice while the post-Brexit landscape remains unclear.

“Like a lot of people, we are still trying to work out what Brexit means," he told Holyrood.

“There isn’t a day goes by when you pick up a newspaper and people are talking about not having enough information about what it means.

“I guess being 90 per cent focussed in the UK means the impact on us might be less than it was a few years ago.

"Financial services, specifically, probably has a few questions about passporting and access to the EU.

“Our chairman is involved in a task force in terms of the government’s consultation with various industry sectors, so we are involved in the debate about what will emerge. But like a lot of people it will be a case of us understanding developments as they come along.

“One of the things that we do still have from the old RBS is a couple of banking licenses in Europe, including in the Republic of Ireland.

“So they might afford us some flexibility on how we might access Europe in different scenarios, depending on what Brexit looks like.

“If you need to base some people in the European Union zone after the UK leaves, the fact that we have got banking licenses in some countries might allow us to do that.”

Buchanan, chair of the RBS Scotland Board, is leading an effort to refocus RBS Group towards its customer facing brands.

He said: "RBS is the legacy bank and the Royal Bank of Scotland is the go-forward bank - even though it has been around for 290 years.

“You’ve got Ulster Bank in Ireland and you’ve got Natwest in England and Wales.

“These banks were part of the RBS Group. That has all now changed. RBS Gr
mailman
Posts: 2,333
Off Topic
Opinion:No Opinion
Price:214.70
New year
16 Jan '17
Another start to another year and the usual down trend after the Xmas rally...

The run up now is to the annual bank results .. As most regulars know over the past 7 years.. RBS goes up and down.. The past years from 570p .. 57p old money .. Down to 300p and then up to 400p and back down to 162p and now where we are today..

That's RBS for you.. And the big boys make millions on these constant move swings.. As disgusted many times getting back to 570p which some need to break even is more in hope or a dream away now... The banking world has changed so much since 2008

And the pre 2008 crash price of £6 .. Would need to be £60 in today's terms and that will never happen in my lifetime..

Good luck all..
rafidell
Posts: 64
Observation
Opinion:No Opinion
Price:221.10
On The Up
13 Jan '17
Somebody knows something, RBS. Sriking a deal with. DOj, ,if the deal is less than $10bn , I think. Shorters would be running for cover, and we could see a strong upward moment from here ..I've been topping up recently ..well earnings season just starting. So let's see..No News Is Good News
TrickyNic
Posts: 133
Off Topic
Opinion:No Opinion
Price:218.50
RE: hmm
13 Jan '17
Sorry meant to say 2nd class down stream access.
TrickyNic
Posts: 133
Observation
Opinion:No Opinion
Price:218.50
RE: hmm
13 Jan '17
The reason RBS are in such a state is because the enormous amount of money they waste. I was a Customer Account Manager for a print and mail company that printed all the letters for RBS. We would send out anything between 100K - 150k seven days a week. 95% of the letters were just bog standard but 5% had a legal requirement to be with the cutomer in two days. It took me two years of endless service reviews before I could convince them that the 5% could be batched out and still sent first class while the rest could go 2nd class standard tariff. The reason it took so long was that RBS had to get sign off from every single stake holder. I have 5k of my money sat in here which might not be a lot to some people but the fact that I probably will never get it back doesn't sit well.
rafidell
Posts: 64
Observation
Opinion:No Opinion
Price:219.10
hmm
12 Jan '17
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RBS named one of the best businesses for accessibility & inclusion in the workplace
Share21 Share0 Tweet0
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SUPPORTING INDIVIDUALS
10 January 2017
RBS has scored 88% in Business Disability Forum’s Disability Standard, a world-renowned tool used to measure accessibility and inclusion in the workplace.

image: http://www.rbs.com/content/dam/rbs/Images/news/2017/January/workplace.jpg.rendition.480.270.png

silhouettes of workers
The score makes RBS one of the top performers for disability and accessibility in the UK and one of only a handful of organisations to attain Silver status in the Disability Standard since it was launched in 2004.

The bank achieved perfect scores in three of the Standard’s ten criteria: Commitment, Adjustments, and Information and Communication Technology, with assessors describing the organisation’s approach to employee’s workplace adjustments as “one of the strongest we have ever seen.”

RBS went even further by developing its own corporate disability-smart language and identity, taking the focus away from the term ‘disability’ and instead focusing on the practical side of adjusting ways of working.

The bank was also found to be a leader in terms of its work to ensure services ‘bought-in’ from other companies still met the requirements of disabled people.

Ewen Stevenson, Chief Financial Officer and Disability Sponsor at RBS, said:

‘The Business Disability Forum (BDF) Standard is an important measure for us. Whilst our Silver status is a very welcomed recognition for our efforts to date, I do think it is key to recognise what is really important – making RBS a better and more inclusive bank for all of our customers and colleagues. Achieving Silver status is clear evidence that we are moving in the right direction, and I look forward to us achieving further progress in 2017’

Bela Gor, Legal Director at BDF, added:

‘RBS’s achievement of Silver in the Disability Standard is evidence of the dedication and hard work of teams across the business. What is particularl
jings100
Posts: 8,819
Off Topic
Opinion:No Opinion
Price:222.70
PS
11 Jan '17
Haven't been on Lloyds for a while , missed the news regarding Meerkat . Sorry to hear that , lot of respect for him , one of the good guys .




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