Royal Bank Of Scotland Share Discussion Threads

[speedy] 13/5/2013 09:52

More on pics, credibility ... and oxymorons ... "Irish Stability Programme Update"


"The government has had to drastically reduce the number of jobs it predicted it would create by 2015 from 69,000 to 52,000. It has also had to reduce its growth forecast to 2015 from 8.2 per cent to 6.5 per cent. The predicted unemployment rate for 2015 has been increased from 11.7 per cent to 12.8 per cent. All of this is because the current policy of austerity is failing and the government needs to come to terms with that fact."

Not to mention the hole it found in the accounts ...

[speedy] 13/5/2013 09:40

"I am become death, destroyer of worlds" ... hmmm ... guess what the pic did for credibility ...

Hopefully, if I self-medicate to that extent, some optimist will call me out ;-)

[leedskier] 13/5/2013 09:39

So Cameron having been told he was unwelcome in China for pressing flesh with the Dalai Lama has gone to the US instead ;

[jazza] 13/5/2013 08:48

hahaha!

Dance Jeremy dance!!


They'll be coming to your door, Jeremy!



Knock Knock!!

[maxk] 13/5/2013 08:12

I am become death, destroyer of worlds


By Jeremy Warner
Economics Last updated: May 11th, 2013






I've been accused by some of irresponsibility for highlighting IMF forecasts which, if right, plainly indicate that Spain is insolvent, and will need a big sovereign/banking debt restructuring at some stage.

This leads to the obvious conclusion, spelt out in the headline to my blog, that you should get your money out while you still can. Not a good idea to be encouraging bank runs, says the irrepressible Danny Blanchflower – with whom it is never possible to have a conversation on Twitter without him having the last word – among others.

This is a nonsense argument, not unlike the sort of tut tutting there was when the BBC's Robert Peston revealed that Northern Rock had requested lender of last resort support from the Bank of England. By revealing this story, he helped spark the retail bank run that led eventually to nationalisation of Northern Rock. So should he just have sat on the story, as part of some kind of greater good, public not to know, exercise? Of course not.

As it happened, Mr Peston bent over backwards in his report to assure depositors that their money was safe, which it plainly wasn't without Government intervention. He tried to be as responsible as he could, but he was rightly not going to be party to some kind of cover up.

In Mr Peston's case, the criticism he received was wholly unjustified, since this was a real story, and in any case, wholesale investors were by then already running for the hills. The die had been cast by the time he published. He was only letting the world at large know what the professionals already suspected.

I wouldn't claim anything like the same level of intelligence for my blog. Mine is not a story as such – it is what used to be called a "scoop of interpretation". I've merely taken some quite alarming IMF forecasts and drawn some obvious conclusions from them. Perhaps I'm wrong – that there is no solvency problem in Spain. If so, my words will carry no weight. That's the thing about bank runs. They tend not to happen unless there is genuine reason for concern. So let's get the information out there and let people make up their own minds.

[leedskier] 13/5/2013 08:07

Western Europe has to either scale up its exporting (unlikely) or scale down its public spending(political suicide for any party seeking re-election -- outside Germany)to Eastern European levels. The idea that much of Europe including Britain can afford levels of expenditure which even the US cannot -- if it was to balance its books, is cloud cuckoo thinking.

[jazza] 13/5/2013 08:04

Loan:deposit ratio targets hit.Lending to SMEs growing.Interest rates on loans falling.These are FACTS: all in recent RBS RNS announcements.All else is (misinformed) opinion.;)

[maxk] 13/5/2013 07:58

I hadnt got to that yet leeds, just thinking about a "huge" £10b deal spread around the €U....peanuts and useless politicians grasping at straws.

[leedskier] 13/5/2013 07:52

I think the downgrading of the CoOp's bonds to 'junk', provides an indication of the level of stress which still exists in UK banking. Speedy posted a link over the weekend about Ireland's €trillion++.

It is good that LLOY and RBS are likely to indicate at their respective AGM's this week, that they are looking forward to HMG selling its shareholding in both banks, but when is normality going to return to retail/commercial banking in the UK?

The spread between what the banks pay in interest and what they charge (even when) lending, is a shocker.

[maxk] 13/5/2013 07:52

US-EU trade deal that could provide a £10bn annual boost


Is this supposed to cure the ill's?

[leedskier] 13/5/2013 06:52

Cameron attempts to get the toothpaste back into the tube....


David Cameron will today confront his Tory critics by making the positive case for continuing European Union membership as he holds talks with President Barack Obama over a giant US-EU trade deal that could provide a £10bn annual boost to the British economy.

[leedskier] 13/5/2013 06:44

FTSE 100 tipped to open lower this morning
BFN

PRE-OPEN REPORT: The headline index is tipped to open lower this morning, according to financial websites, with investors cautious ahead of the G7 meeting and with a lack of coporate and economic news to enthuse....

US & ASIA

In the US Friday, the Dow rose 35 points at 15,118, the Nasdaq added 28 points at 3,437 and the S&P500 gained 7 points at 1,634.

In Asia today, the Nikkei was recently up 166 points at 14,773 and the Hang Seng off 241 points at 23,080.

WTI crude oil traded at $96.04 a barrel and Brent crude at $103.73.

Gold settled at $1,441 an ounce.

LONDON MARKETS

In the corporate diary today, interim results are due from Diploma, Bank of Georgia Holdings, Planet Payment, Treatt and Velti.

Final results are scheduled from Blinkx, Northern Investors Company and Tissue Regenix Group.

Trading statements are expected from Centrica, DRS Data & Research Services, Dignity, Interserve, Johnston Press, Lonmin and Unite Group.

Anglogold Ashanti, Bioquell, BrainJuicer Group, Centrica, Fiberweb, Interserve, Microgen, MirLand Development Corporation and PPHE Hotel Group host their AGMs.

Story provided by StockMarketWire.com

[leedskier] 13/5/2013 06:42

May 13, 2013, 5:13am

THE UK economy may be on its way back to full health, with jobs and growth both set to keep on growing steadily over the coming years according to a swathe of surveys and spending data published today.

[leedskier] 13/5/2013 06:11

fb, I am not going ;

[leedskier] 13/5/2013 06:10

May 13, 2013, 4:59am

NEARLY 3,500 UK lawyers have had their licences to practice revoked after financial pressures meant they could not afford to renew their Practising Certificates.

Lack of bank lending, Legal Aid cuts and an increase in the cost of Practising Certificates have all contributed to the drop, according to finance provider Syscap.

[leedskier] 13/5/2013 06:02

Tomorrow .... RBS .... AGM.

Annual General Meeting 2013

The meeting will be held on Tuesday, 14 May 2013 at 2.00 pm at the RBS Conference Centre, RBS Gogarburn, Edinburgh EH12 1HQ.

[fatboy1nc] 13/5/2013 05:08

Such is the world.Money has no loyalty to its owner. It will burn you in the end if your not respectful.

[gcom2] 13/5/2013 01:33

just another scammer

[maxk] 12/5/2013 23:27

The crooks are turning on the crooks, whatever next?