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Thanks mate, but that was my point; no one can say with any implied degree of certainty how this sp will go. Frankly I am surprised at the jump; apart from the impending fed decision, there is no RBS news that would prompt a confident rise like we've seen. Perhaps it is the forecasts on inflation that has given the sp a boost. We might be back below 200p this time next week!
Not sure weather to join the action group, I invested £13,500, in 2008. I never thought it would take this long for the Banks to sort themselves out.
FED Interest rate rise of 0.25% positive for all banks and battered UK banks in particular as this sets the direction for BOE to observe...The Question is can we go for a bit more of a rise maybe testing 255p soon you never know with RBS ....
NewsArticle Ulster Bank to pay RBS first dividend since financial crisis Fri, 25th Nov 2016 11:27 DUBLIN, Nov 25 (Reuters) - Royal Bank of Scotland's (RBS) Irish operation Ulster Bank will pay its parent company a dividend for the first time since the financial crisis, saying on Friday that it had received regulatory approval to release 1.5 billion euros ($1.59 billion) of capital. Ulster Bank, which operates separate regulated entities on both sides of the Irish border under the same name, will pay the dividend from its operations in the Irish republic, where lenders have benefited from a swift economic recovery. "Today's announcement signals a very important milestone and is evidence of our strengthening position," Ulster Bank Chief Executive Gerry Mallon said in a statement. "Ulster Bank remains very well capitalised with a strong balance sheet." The payment will also allow RBS, which had to prop up Ulster Bank with about 15 billion pounds during Ireland's banking crisis, to release trapped capital at a group level. Ulster Bank's Core Tier 1 capital (CET1) ratio -- a measure of financial strength -- will stand at 24 percent after the payment, significantly ahead of regulatory requirements. The average aggregate core ratio of the 51 main European Union lenders ahead of stress tests this year was 12.6 percent, with all capital requirements factored in. In addition, Ulster's risk-weighted assets as a percentage of its total assets are at a European-leading 92 percent, Goodbody Stockbrokers analyst Eamonn Hughes wrote in a note, adding that this leaves "ample scope" for future payments. The bank, which said the timing of its payment is subject to approval by the board on Nov. 29, is not alone among Irish lenders seeking to resume dividends. Bank of Ireland, the country's largest bank by assets and in which the state holds a 14 percent stake, laid out plans in February for a resumption of dividends in the first half of next year but said in July that the timing could be affected by Britain's vote to leave the European Union. Wholy state-owned Allied Irish Banks, which had a CET1 ratio of 13.3 percent at the end of June, said on Thursday that it is capable of paying a conservative, ongoing dividend to the state and that it is in regulatory talks over when it can restart payments. ($1 = 0.9444 euros) (Reporting by Padraic Halpin; Editing by David Goodman)
OVES-NatWest Markets hires debt banker Ritchie for US role Tue, 13th Dec 2016 16:08 By Will Caiger-Smith NEW YORK, Dec 13 (IFR) - NatWest Markets said it has hired Tom Ritchie as head of origination and solutions in the United States. Ritchie joined this week and will cover both corporates and financial institutions in his new role. He will be based in Stamford, Connecticut, and report to Mark Kotasek, head of financing and risk solutions for the US. Ritchie was previously at Credit Suisse for 16 years, most recently as head of financial institutions debt capital markets, North America. NatWest Markets is the recently renamed corporate and institutional banking (CIB) business of Royal Bank of Scotland. (Reporting by Will Caiger-Smith; Writing by Natalie Harrison; Editing by Marc Carnegie)
Looks like LennyMac got it right and 1234lol got it wrong .
Simple . ..., ,Ppi , ....That's what the guy who keeps phoning me says , lol.
I contacted http://www.rbosaction.org/ at the weekend via phone and a very nice lady said they were still accepting late applications. I sent off my application form off the website along with a cheque for £300. The lady on the phone said that other action groups have got back approx 40p per share (from an initial outlay or £2 per share - don't forget the shares are still worth SOMETHING). Their group are holding out for more. I bought 1700 shares in the rights issue so can expect a reasonable settlement and hopefully most of my costs back. DYOR and GL.
Or, you could email Martin Lewis.
Is anything these days. Jings.
You would think so but it's probably not that simple.
Surely if RBS is paying compensation to the members of the Action Group then anyone who bought the shares in 2008 rights issues should also be entitled to the same compensation as it is obvious that they knew they were in trouble when they offered them.
it is unfair if it is the case .Also you might find the action groups would be interested to hear if you were encouraged or otherwise to take up the rights by your employer
Britons see higher inflation and interest rates in 2017-BoE survey Fri, 9th Dec 2016 09:32 LONDON, Dec 9 (Reuters) - Britons expect a sharp rise in inflation over the coming year following the plummet in the value of sterling after Britain's vote to leave the European Union, and more now believe a hike in interest rates is on the way, a Bank of England survey showed. The survey published on Friday showed average public inflation expectations over the next 12 months rose to 2.8 percent in November from 2.2 percent in the previous survey in August. Taking a five-year view, Britons expected inflation of 3.1 percent, slightly higher than the 3.0 percent forecast of three months earlier. Forty-one percent of respondents in the survey expected interest rates to rise over the next 12 months, compared with 21 percent in August. The Bank of England and many private economists have said inflation is set to climb sharply in 2017. After the EU referendum in June, sterling fell as much as 20 percent against the U.S. dollar but has recovered slightly to be down around 16 percent. So far, the British economy has largely weathered the initial Brexit shock better than many expected. But a rise in inflation next year is likely to strain the spending power of households who have driven the recovery in the economy since the financial crisis of 2007-09. Britain's inflation rate in the 12 months to October stood at 0.9 percent and the Bank has previously said it expects it to peak at 2.8 percent in early 2018. Bank of England Governor Mark Carney has said the BoE is prepared to let inflation run above its 2 percent target in 2017 but there were limits to tolerating the overshoot. The Bank of England/TNS survey polled 2,095 people in 368 randomly selected output areas across Britain from Nov. 4 to 8. The BoE said on Nov. 3 that it was no longer expecting to cut interest rates again during 2016 and it moved to a neutral stance about its next monetary policy move. (Reporting by Adela Suliman; Editing by William Schomberg)
USA Futures Higher,, Fed Interest Rates Higher (Next Week),, Banks Earnings Higher For Next Few Years.. Financials , Banking Stocks To Be in...
You could try these guys. http://www.rbosaction.org/
Next Week Thursday , Fed Would Increase Rates.. Could see another leg higher...
If you paid in the same as others I would guess you must have the same entitlements. Suggest you write to the Bank and ask what you are due.
Hi , getting by , thanks .Everything ok with you and Cap'n Pugwash , .....bit to go yet till 58p , ... next year Rodders , maybe , not sure anybody knows how brexit and Trump are going to pan out . We live in strange never mind interesting times , lol. Enjoy yourself over the holly season . Take care ATB x
£1.3bn Divided Would Help RBS a Long Way..If 2 payments on Yearly, That's Whopping £3.6bn.. And I'm sure moving into Profits, And Dividends For Share Holders Not Too Far Away.....
Hey Jings how you doing? A wee Christmas bonus on here for some. If it keeps going like this I may even be in for a long earned one. 58p (in old terms) required. Doubt I'd sell the 30p ones.
25 NOVEMBER 2016 • 2:37PM Royal Bank of Scotland is set to receive €1.5bn (£1.3bn) in capital from Ulster Bank after its Irish operation received the green light from regulators to pay its first dividend since the financial crisis. Ulster Bank, which has businesses in both Northern Ireland and the Republic, plans to pay out €1.5bn to RBS subsidiary National Westminster Bank on November 30 after it was given the go-ahead for a dividend by both the Central Bank of Ireland and the European Central Bank. The payment, which has long been on the cards, will be made by Ulster’s business in the Republic. While the dividend does not change the total capital that RBS holds, it does allow the Edinburgh-based lender to release trapped capital that it can deploy elsewhere in the group. The payment is also a landmark for Ulster Bank, which state-backed RBS had to bail out to the tune of £15bn following the crash. Ireland’s banking system was plunged into turmoil after its property market collapsed during the crisis.
That seems grossly unfair . Good luck in finding a favourable resolution .Sorry can''t be of help . ATB
Was a member of staff for over 22 years and paid funds into the rights issue in 2008. As members of staff we could not join any of the actions groups. i left in july 2016 and i now have heard that those who did not join the action groups are not able to any compensation....Any advice would be most welcome.
list of article image 2 Binky and reality stars help In The Style grow Sponsored Ben Martin 25 NOVEMBER 2016 • 2:37PM Royal Bank of Scotland is set to receive €1.5bn (£1.3bn) in capital from Ulster Bank after its Irish operation received the green light from regulators to pay its first dividend since the financial crisis. Ulster Bank, which has businesses in both Northern Ireland and the Republic, plans to pay out €1.5bn to RBS subsidiary National Westminster Bank on November 30 after it was given the go-ahead for a dividend by both the Central Bank of Ireland and the European Central Bank. The payment, which has long been on the cards, will be made by Ulster’s business in the Republic. While the dividend does not change the total capital that RBS holds, it does allow the Edinburgh-based lender to release trapped capital that it can deploy elsewhere in the group.