Royal Bank Of Scotland Share Discussion Threads

[leedskier] 20/11/2013 12:34

Minutes from the Bank of England November Monetary Policy Committee meeting reiterate that the Bank believes there may be a case for not raising rates immediately after unemployment falls to the seven per cent threshold rate - the seven per cent is a marker, not a trigger. A scan of the minutes shows no fundamental change in the Bank's forward guidance policy.

Members agreed that unemployment is likely to fall further over the next three months:

With the proviso that medium-term inflation expectations remained sufficiently well anchored, the projections for growth and inflation under constant Bank Rate underlined that there could be a case for not raising Bank Rate immediately when the seven per cent unemployment threshold was reached.


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[leedskier] 20/11/2013 10:57

PMQs could be fun today.

[dope007] 20/11/2013 10:45

Lols from Bernanke on jobs data. What does he want it to say, and it will happen

[ramco] 20/11/2013 10:18

ehmmm...

For what its worth...S&P Price Vs Earnings Estimate

[ramco] 20/11/2013 10:14

Wednesday's economic calendar
7:00 MBA Mortgage Applications
8:30 Consumer Price Index
8:30 Retail Sales
10:00 Business Inventories
10:00 Existing Home Sales
10:30 EIA Petroleum Inventories
12:10 PM Fed's Bullard: U.S. Economic and Monetary Policy
2:00 PM FOMC minutes

[ramco] 20/11/2013 10:13

Bernanke: Tapering depends on further improvement in jobs data
The Fed's scaling bank of its bond-buying program still depends on the jobs market improving further and a rise in inflation towards the central bank's goal of 2%, Ben Bernanke said in a speech last night.
Bernanke also said that the Fed is likely to keep interest rates near zero until "perhaps well after" unemployment drops below 6.5%, the bank's threshold for increasing rates. Policy makers will first want to be assured that the labor market is "sufficiently strong" before taking action.

Add: That's OK then, as we are informed that the manipulation of that figure is not systemic so everything's cool....;

[ramco] 20/11/2013 10:11

Overnight repo rates are spiking once again in early trading as the typically smaller banks that are more desperate bid aggressively for whetever liquidity they can find. 5Y Chinese swap rates have also reached a record high as the Yuan reaches its highest since Feb 2005. Chinese authorities are clearly stepping up the rhetoric:

•*CHINA SHADOW-FINANCE RISKS WILL SPREAD TO BANKS, FANG SAYS
•*VERY BIG CHANCE ONE OR TWO SMALL CHINA BANKS WILL FAIL: FANG
•*SOME CHINA TRUST INVESTMENT FIRMS MAY FAIL, SELL ASSETS: FANG
•*CHINA MUST PLAN FOR BANK-FAIL SCENARIOS TO MANAGE RISKS: FANG
•*CHINA NEEDS TO PAY MORE ATTENTION TO CORPORATE LEVERAGE: HU

[ramco] 20/11/2013 10:10

ehmmm, last night:

ChicagoFed ✔ @ChicagoFed
Follow
#CharlesLEvans our purchases will continue to be open ended. We may need to purchase 1.5 trillion in assets until January 2015...

Add: That is a 50% hike on this year next year...;

[ramco] 20/11/2013 10:07

BOE again united in keeping policy on hold
As expected, the Bank of England's Monetary Policy Committee voted unanimously to keep interest rates at 0.5% and against more quantitative easing at a meeting earlier this month.
The pound is flat at $1.6122;

[ramco] 20/11/2013 09:29

Morning, Dow +15, S&P +1....

[leedskier] 20/11/2013 09:00

The end of the Windsor knot?

Tie Rack is to begin closing its 44 UK stores, threatening the loss of up to 200 jobs.

The closures mark the end of the neckwear specialist's tricky 30-year existence. It has been in gradual retreat since its 90s heyday, when it had 450 shops, as men's fashion has changed and competition has intensified. The chain was launched in the 80s, when most men working in offices and attending special events wore ties. But open necked shirts are now so normal that even the prime minister is often pictured tieless. In recent years just a fifth of the chain's sales have been men's ties.

[leedskier] 20/11/2013 08:58

Meanwhile at the co-OP ...

[leedskier] 20/11/2013 08:56

November 20, 2013, 8:51am
by Guy Bentley
UK Mail group has reported 63 per cent increase in half year pre-tax profits. The private postal company reported profit before tax of £11.9m and post tax profit of £9.3m.

The improving economy and rises in parcel revenue were major factors contributing to the company's bumper profits. Group revenues reached £243.4m compared with £225.7m, in the previous six months. Parcel revenue rose 21.4 per cent while mail revenues declined by 0.3 per cent. Underlying profit was approximately 42.5 per cent.

The private postal service company is the Royal Mail's only major British competitor alongside Deutsche Post and TNT.

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[leedskier] 20/11/2013 08:37

FTSE100 now rising. Off just 0.14%.

[leedskier] 20/11/2013 08:02

The FTSE100 is off 0.41%.

[leedskier] 20/11/2013 07:57

Jail is for ordinary mortals not the Zeus of Wall Street.

[dope007] 20/11/2013 07:21

Big fine for shareholders. No jail for the crooked scum

[smurfy2001] 19/11/2013 22:04

Does not seem to have done much to the share price

[leedskier] 19/11/2013 21:58

FINANCIAL TIMES

Tuesday November 19 2013


BREAKING NEWS

JPMorgan agrees $13bn settlement

JPMorgan Chase agreed to pay $13bn in fines and consumer relief to the US Department of Justice and state authorities in a landmark settlement and admitted it mis-sold mortgage securities in the lead-up to the financial crisis.