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Who do i write to for compensation for the RBS mis-sold shares is it the bank in Edinburgh or Rip OFF Britain BBC SALFORD
Hammond and Fox should be got rid of by Teresa May asap as they are only stirring up Scottish and Irish nationalism It is not them that has to go and sort out the mess. They have very poor memories and there are enough Tory own goals these days. Not long since Fox was supposed to be arms dealing. What people want is a gentle Brexit over a long period.
scuby-do: I take it you know RBS sold Worldpay in 2010.
No worries share price dropping.
mean to say - not Parpaing :-)
all my life, and before that when our bank was called Williams & Glyn. Had written to the CEO for the Retail & Business side warning that we will be leaving them shortly on both Business & Personal side if they don't get their act together over their World Pay credit card company (apparently we own them 5 or £6K for their sacred credit card machine that we have never applied for nor did we ever have one !!!) and would like to hear the CEO's comments on this issue. No reply to date from anyone!. So some of you will be please to know that is exactly what we are about to do. Meetings set for next week and hopefully we will be transferring over to a competitor. We've just had enough of the BAD service all round. It used to be very good :-( Parpaing seems on the ball with the No duty of care argument ! I used to hold shares in this bank but no longer. GL all
The strange thing is that this bank whilst saying that it needs to re establish trust via millions in advertising cannot actually be trusted. It says that there is no duty of care to its customers and then expects it's customers to have a duty of care to the bank!!! Who is wrong???? I would be interested to see what the British public think given that the directors of this bank owe us 72 billion.
I agree with the bank. Why should it be responsible for customers who cannot be arsed taking Basic security precautions
The boss of the Royal Bank of Scotland has reportedly warned that victims of bank fraud should not expect automatic refunds. As RBS is the biggest fraud merchant in the whole world, nobody should have an account or buy and sell shares in RBS. It is the most immoral bank ever.
£510,000
Beating xpectations by such a high degree...really thought we would see a 105 increase in Sp today at least....;-(((
state £3 per share value!
Yes good results. I was semi expecting it to drop as this is what usually happens. Hopefully it will hit my break even point of £2.68 soon and then onwards and upwards to my exit price of £3.00. I have been in this share far to long for comfort and it doesn't seem that long ago it was in the £1.50's and I was sitting on a huge loss
Let's hope there's no more skeletons in the cupboard. Could be a good time to trade this if we get the rise and dips of a year or so ago.
...your not the only one Slinger1 who invested loads through salary schemes hoping for a secure retirement. Myself and loads of others were all lead to believe this is the perfect opportunity to save and benefit long term. After the financial dump everything went pair shaped. There are hundreds if not thousands in the same boat. At director level they come and go after milking the system and doing their bit. The little ones like us hope for the best. Again myself still holding onto bits of paper. But the years come and the years go and kindov sit where I was years ago. From the way the restructuring has happened and loads of work been off loaded to India comes redundancies in the interim with redundancy pay but long term hope they start to make a profit.
you're correct Neepheid, nothing changes! I hope the current management are an improvement on what they had, lets face it they couldn't be any worse than Fred the shred.. Like a lot of others on here I'm ex NatWest then RBS Staff who still has lots of bits of paper and lives in the hope that some day that may be worth a little more than so that I can retire. My shares were "in transit" or so they kept telling me in the week of the crash so couldn't sell them and lost £££££££££'s.. Shame they had to sell off one of the most profitable parts of their business (WPG) after the crash , if only they could have seen what it was worth and invested in it instead of bleeding it dry. On the filpside at least WPG/Vantiv shares may help to finally ease my financial pain. I wish you all good luck with your RBS shares and hope that one day they do rise again and provide that nest egg that we all hoped for. :)
Just popped in to read what you are all saying. Nothing changes! I understand much of what is being said, we went through it all several times from 2008, and we also suffered pain when the expected profits didn't come. Eventually it made better sense to reduce from 40,000 to now less than 2000 shares, there are much better options for growth, some paying good dividends. I don't expect any of us to double in five years but ten could well be possible especially when Brexit settles, as it will. RBS - as with all shares there are times to sell and times to buy. Good luck all.
Take a look at our '31st July RBS shareholder event' blog post by director Cliff Weight following our shareholder committee campaign. https://www.sharesoc.org/blog/rbs-shareholder-event-31-july/
Sadly we have been saying ...Hopefully about so many things, for so many years, as many well know I take the view now that it is better not to assume anything and one will be far less disappointed..
I have few shares and hope you are right . But I have learnt never to under estimate RBS ability to produce yet another skeleton from a cupboard ! Is about 8 years after Goodwin it is time now all problems were identified costed and sorted - hopefully they have been
First time poster here - been a regular reader of this site for many years and used to work for RBS before taking VR earlier this year after 35 years. Always enjoy reading the posts - many are very informative whilst some are just wind up merchants. Like many I lost a pretty packet in the crash of 2008 although managed to average down to about £3.90 buying low and mostly holding. Since leaving RBS I've stuck to short term trades buying low and selling high (I wish! - never managed to achieve that but nevertheless not doing too badly). Problem is there has not been much movement over the last few weeks so limited opportunities of late. I try to follow the wise words of Mailman - not to be too greedy, be patient and when you see a reasonable profit - bank it! (Whatever happened to Mailman?) Finally for now re doubling in the next few years ...... Lennymac (another wise head!) I agree with Ezikiel. Within the next 12 months I would expect the RMBS fine to be sorted with the US - although not fully provided for, I do believe this has been mostly factored into the share price. We should also see the deal re W&G being agreed. Following this, the Government could begin to sell their stake, dividends could be payable, making this share attractive to pension funds and income seeking investors. Appreciate there's a few "coulds" above - I've been around long enough to see many false dawns but I remain a glass half full type of guy and am optimistic for the future of this share. Good luck all.
First time poster here - been a regular reader of this site for many years and used to work for RBS before taking VR earlier this year after 35 years. Always enjoy reading the posts - many are very informative whilst some are just wind up merchants. Like many I lost a pretty packet in the crash of 2008 although managed to average down to about £3.90 buying low and mostly holding. Since leaving RBS I've stuck to short term trades buying low and selling high (I wish! - never managed to achieve that but nevertheless not doing too badly). Problem is there has not been much movement over the last few weeks so limited opportunities of late. I try to follow the wise words of Mailman - not to be too greedy, be patient and when you see a reasonable profit - bank it! (Whatever happened to Mailman?) Finally for now re doubling in the next few years ...... Lennymac (another wise head!) I agree with Ezikiel. Within the next 12 months I would expect the RMBS fine to be sorted with the US - although not fully provided for, I do believe this has been mostly factored into the share price. We should also see the deal re W&G being agreed. Following this, the Government could begin to sell their stake, dividends could be payable, making this share attractive to pension funds and income seeking investors. Appreciate there's a few "coulds" above - I've been around long enough to see many false dawns but I remain a glass half full type of guy and am optimistic for the future of this share. Good luck all.
This share has none of the makings of doubling in the next few years. None. Why don't you give us the great benefit of your wisdom and experience and explain how the sp might rise so dramatically and why?
The worse is over, so it is time to stop whinging about Fred and what happened ten years and more ago. This is an opportunity now to make some serious money. Share price has all the makings of doubling in next few years, maybe less.
If anyone interested a google search on - Royal Bank of Scotland investigation: the full story of how the 'world's biggest bank' went bust - brings up a very readable version of the events It is clear that Goodwin with little experience of banking was largely out of his depth There was a highly paid board of directors who should have seen this Similarly very senior figures in the bank ought to have seen some of his ideas were dangerous , but did not speak out . I think Steven Hester quickly got a real grasp on the problem and could have pulled off a turn around sadly he was replaced