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Very quiet on here
dishonest harry follow the dictatorship, I saw what you did there - very imaginative worth every A level. perhaps being a bit more objective would help.
Thank you for that nugget of useful information windy your feedback is important to me lol.
looks like share prices are diving in RBS - perhaps people are getting the message that they are not to be trusted? a bit theresa mayish? who knows? someone does!
Wonder if this will give a little boost to the share price today :0)
Totally agree . That's the most sensible advice I've seen on here for a long time .
Don't do it. Why, with all of the other options for shares out there, would you even think about investing in a no- div, scandal plagued, 75% government owned bank with ongoing legal issues and Neil Mitchell? Do yourself a favour and buy something like BP.
Im looking at a few prospects at the moment. The potential break-up of the UK put me off buying RBS but maybe this could be a good entry now that looks less likely
Go for it. They need to be shown that justice will prevail against corruption.
Yes it means if you have money in our society stuff the law you can commit murder and get away with it. Shame on you all!!!
http://news.sky.com/story/rbs-in-advanced-talks-over-16335bn-plus-mortgage-mis-selling-fine-10913753
RBS in advanced talks over £3.5bn-plus mortgage mis-selling fine Royal Bank of Scotland (RBS) is closing on a multibillion-pound settlement with a US regulator over the mis-selling of toxic mortgage bonds - a deal that will remove one of the long-standing obstacles to the Government returning the lender to the private sector. Sky News has learnt that lawyers at RBS are in advanced talks with the Federal Housing Finance Agency (FHFA) about a deal that is almost certain to cost the state-backed bank more than $4.5bn (£3.5bn). A source in Whitehall said that the discussions had progressed sufficiently far to leave both sides hopeful that an announcement can be made in the next few weeks. The precise size and timing of the fine are still moving around and are subject to further negotiations, the sources said, with more detailed discussions said to have taken place in recent weeks. One insider said there were concerns in Whitehall that the penalty could significantly exceed $4.5bn. The settlement with the FHFA relates to the mis-selling of mortgages to the US government-backed loan firms Fannie Mae and Freddie Mac prior to the 2008 financial crisis, when RBS was among the biggest players on Wall Street. RBS executives are keen to agree a settlement as soon as possible as they continue their efforts to return the bank - which is more than 70%-owned by British taxpayers - to profit for the first time since 2007. However, they also have to engage in formal settlement talks with the US Department of Justice about another big penalty related to residential mortgage-backed securities - a process which has been delayed by a clearout of senior officials at the agency under President Donald Trump's new administration. The DoJ fine will cost billions of pounds more. Nevertheless, a deal with the FHFA would be another important step along the road to helping RBS shed its remaining financial liabilities from the pre-crisis era. Philip Hammond is scheduled to give the Chancellor's annual Mansion House address to an audience of bankers and business leaders on Thursday, and he may signal his intentions on the future of the taxpayer's stake in RBS. Mr Hammond, whose focus in his speech is likely to be on the impending Brexit negotiations and their impact on the City, has been clear that he does not believe the Government should be a long-term shareholder in RBS. Before the General Election, Mr Hammond said that fair value for the stake could be below the 502p paid by the Labour government in 2008. RBS shares now languish at 250.1p, just under half the average level at which £45.5bn of public money was injected to save it from collapse. If the penalty from the FHFA is in the region of $4.5bn, or slightly more, RBS will be able to draw on existing provisions it has set aside to pay fines for RMBS mis-selling. In January, RBS took a further $3.8bn charge for settling regulators' investigations, taking the total all
Forget about the Divi till 2018 or 19. The share price will perform on the results which may be quite good as they have solved one legacy issue on the cheap all we need now is the same to happen with the American legacy issue and we are home and dry.
Hi all, Cant seem to find any topics or discussions about when or if the div might start again. I just wondered if anybody had any thoughts. Thank you. Hawkey
what it the best bank to buy at the moment? They are so big and balance sheets so complex that i wonder if i should just do a 'ip-dip-do' and choose one at random
No communication from the AG and no reply from the Solicitors
Be careful of the phrase 'Surely I would win..'. Nothing in that respect is certain. I'd add that there is probably a ghoulish, soon-to-be ex- PM out there today who thought the same thing...
Santa2 , yes you can take them to court . Good luck with that and you must have done very well in your job if you can afford to cover RBS 120 million legal fess should you lose the case . No precedent has been set by the way as RBS have never admitted to any wrong doing - even though they settled .
I did not register with any of the law firms as I was employed by RBS. I have now left, do you think I can take them to court as an individual and win? Surely I would win as the court has know put this precedent in place?
TY JP2008 Seems the link is broken but I have just seen this http://www.telegraph.co.uk/business/2017/06/07/judge-calls-high-court-trial-rbs-rights-issue/ I agree with you about the 13% as I haven't been contacted either. No reply to my letter to the Solicitors either, as yet.
I saw this on the BBC and thought you should see it: Some RBS investors still refuse settlement - http://www.bbc.co.uk/news/business-4018434 I dont know how they can tell judge 13% are holding out as there has been limited consultation with the majority as far as I can see. Anyway it hás finished as far as i am concerned.
Filing details https://beta.companieshouse.gov.uk/company/06853408/filing-history
The Telegraph http://www.telegraph.co.uk/business/2017/06/06/rbs-shareholders-agree-200m-settlement-rights-issue/ Quote "In a further twist, last week Jon Gaunt, a radio talk show presenter, was made a director of the action group, according to filings with Companies House. It is understood that he was involved in unsuccessful efforts to force RBS to improve on its 82p offer"
regestered and paid up members of thr RBOS Action Group. Membership closed a couple of years ago.
Who is eligible for a payout ?.