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The current fiscal year share buyback program seems to be well ahead of schedule and is likely to be completed by the end of August. Is this a sign of market turmoil ahead, or a sign of confidence of the bank's forward earnings prospects?.

The market is in control of the share price not the bank. Uk financial stocks are in for a real unpredictable bumpy ride over the coming months.

A perfect economic and political storm scenario is now in the making for UK financial stocks.

JMO. Correct, Churchill was champion of the British Empire, Commonwealth and the English speaking free world.

fleccy When it comes to PPI anything is possible . The (FCA) are already weak and incompetant their ( ARNIE ) PPI marketing campaign paid for by the banks is a complete shambles, extended deadlines and new court rulings involving PPI cannot be ruled out at a further date. The whole PPI debacle from the start to the eventual finnish will have been built on lies and deception towards both claiments and shareholders from supposedly trusted financial institutions.

Longshort, In light of the the recent Paragon court ruling, regulators may have no other choice but to extend the August 2019 deadline and could potentially add billions to final bill for PPI.
Hopefully both the Market and the Bank have for sometime had a strong inkling this would be the eventual outcome and have already made further PPI provisions and is also largely priced into the current shareprice.

Meanwhile Corbyn and Mcdonnell sat on the fence watching the Conservative Party self destruct, and fall into oblivion for a generation.

JMO your post is an extract taken from Maxine's American bird feeder story. Let us also not forget America and the British National Health service would not be what it is today, without the dedicated hard work and aspirations of the immigrant population.

UK focused Banks are clearly out of favour at present,until there are further signs that progress in the Brexit negotiations are being made and a final satisfactory settlement is in sight, there will be little appetite for a further accelerated bookbuild offering of RBS shares among institutional investors without having a detrimental effect to the current share price.

There is plenty of under - utilised capital sat on the balance sheet, maybe a further £500 to £750 million will be added at a later date to the current financial year share buy back program.

Asperger. Lloyds are a special case for share consolidation such a move would be warmly welcomed by institutional investors and no doubt will be on a future Lloyds AGM agenda for consideration in the not to distant future.

snige, Despite fianancial press media reports RBS are still not quite in a fianancial postion to restart cash dividends as clearly demonstrated in the current share price. However a share buy back program is possible and will return some form of fundamental value to shareholders, and will be the safest and most economically option for the bank to follow.

Both RBS and the Government do not want a repeat of the Lloyds selldown fiasco, and have already strongly indicated between 10% and 15% of the shares are likely to be bought back directly by the bank from the Government which would help avoid Institutional speculation and preventing volatility in the daily market price of the shares at a price that will be acceptable to both taxpayers and shareholders.

Probably looking at a three to five year share buyback program that will be required to optimize the capital structure of the bank, it will also complement the current dividend policy providing a future flexible sustainable increase in value creation for shareholders.

Lloyds
2007 Return on Equity (ROE) 15.8%.
2007 Earnings per Share (EPS) 14.3 p.

2017 Return on Equity (ROE) 8.66%.
2017 earnings per Share (EPS) 4.40 p.

The UK economic growth cycle is now approaching a pivotal point and will soon be heading for a significant slowdown, further compounded by Brexit and Global related issues.
However this time, unlike the 2008 financial crash both the BOE and the UK banking sector are more than well prepared for any possible economic volatility that may be expected as this process unfolds.

RBS still need to maintain and improve its capital structure targets, the shares are now trading at 12 month lows any shareholder distribution of excess capital will most likely come in the the form of a share buyback program.

snige If Parliment rejects the terms of the deal or cannot agree it could result in the Government falling and a General Election being called and almost certainty of a Labour Government being elected.

Complacency was the root cause why 13 million people who were eligble to vote in the EU Referendum did not vote, and now wish they had voted against Brexit.
Although i was a strong remainer there cannot be a second Referendum or a extension to Article 50, the UK must now be prepared to walk away without no deal and face the financial and political consequences of Brexit.

Huge sweetners to multinational companies like Airbus is not a substainable way to run a economy.The EU has paid Airbus billions in illegal subsidies and backhanders over the years partly funded by the UK taxpayer.
Deal or no Brexit - deal, empty threats and sabre - rattling by Airbus and BMW, the UK must not be held ransom by these multinational companies.

oldjaybee. Brexit remains the overriding core issue for UK focused banks. until there is a successful conclusion to the Brexit negotiations downward pressure on share price will continue.

oldjaybee. Brexit remains the overriding core issue for UK focused banks. until there is a successful conclusion to the Brexit negotiations downward pressure on share price will continue.