Royal Bank Of Scotland Share Discussion Threads

[begorrah88] 30/7/2015 14:43

...and here's todays' DOW induced collapse.

[cfc1] 30/7/2015 14:42

yep...I guess I should have!! but nothing surprises me anymore!!!!

[leedskier] 30/7/2015 14:32

Not if the City had shorted it.

[shaf200] 30/7/2015 14:31

What I tried saying earlier is technically summed up from the earlier post:
"Until then, and with meaningful dividends still years away, both capital gains and income are more easily found elsewhere in the sector. Deutsche Bank yesterday cut its target price on RBS from 395p to 355p"

[smartypants] 30/7/2015 14:31

take it beating forecast and making a profit hasn't gone down too well ??

[smurfy2001] 30/7/2015 14:22

Video of CEO



RBS boss 'dealing with issues from the past' as profits fall

5 minutes ago


Royal Bank of Scotland has reported a half-year loss after setting aside more money for repaying customers and potential legal settlements.


The £153m loss for the six months to the end of June compares with a £1.43bn profit a year ago.

Speaking to the BBC's Simon Jack, Mr McEwan said the bank was dealing with ''a lot of issues from the past''.

[astol] 30/7/2015 14:13

cfc1-you should have sold early doors and then shorted at the peak-oh the benefit of hindsight!!!

[cfc1] 30/7/2015 14:07

this is ridiculous

[smurfy2001] 30/7/2015 13:50

RBS has shrunk its front-office investment banking headcount by 400 in just three month as part of ongoing cut-backs in the struggling division, according to its interim 2015 results released today.

Employee numbers in RBS’s investment bank fell from 3,500 in the first quarter to 3,100 in the second. Those are significant numbers when you consider that about 1,900 people lost their jobs across the entire industry in Q1.

Hiring in the personal and business banking unit helped total headcount at RBS stay steady quarter on quarter at 109,200.

The RBS results also show that year on year it has trimmed 1,200 investment bankers – an average of 300 a quarter, or 100 a month – helping to drive an 8% overall reduction in staff costs as the firm refocuses its business on UK retail and corporate banking.

Fear of redundancy is not the only reason to consider leaving RBS before the axe swings. The cost-conscious bank, 78% owned by the British government, is also cutting compensation for the investment bankers it still employs. Staff costs in the division worked out at £45.8k ($71.5k) per head in the second quarter, compared with £51.4k ($80.2k) in the first three months of 2015. This drop of almost 11% compares with a 12% increase over the same period at Morgan Stanley’s investment bank, for example.

Across all divisions RBS reported a 27% increase in second-quarter profit to £293m ($457m), largely driven by booking more mortgage applications. Quarter-on-quarter income was down 28% in its investment bank, however, reflecting “eurozone uncertainty, impacting rates and credit in particular, and the normal seasonal impact compared to Q1 2015”. Litigation and conduct costs in the division remain high at £373m ($582m) for Q2, although this is significantly down on the £500m ($781m) reported in the previous quarter.

RBS is now “implementing a simpler operating mode” within investment banking, focused on its traditional areas of strengths: debt financing, rates and currencies, according to its results presentation. But with the Financial Times suggesting earlier this year that up to 90% of staff in RBS’s corporate and investment bank are in danger of redundancy, it seems likely that more job losses will follow during the remainder of 2015.

[smurfy2001] 30/7/2015 13:40

FTSE +50 RBS -2. You gotta laugh.

[smurfy2001] 30/7/2015 13:28

So RBS IB shorting themselves?

[leedskier] 30/7/2015 13:21

If the US IB were short on RBS, and they control the game along with Asset Management Funds are going to get the price down to cover without making a loss.

[leedskier] 30/7/2015 13:19

Bloomberg - Roubini: 95% of Active Funds Do Worse Than Benchmark

[smurfy2001] 30/7/2015 13:15

Shorting scumbags.

[smurfy2001] 30/7/2015 13:14

Imagine if the index was down 43 instead of up LOL

[lance corporal winstanley ash] 30/7/2015 13:12

Just taken my position. Be here for 12 months. Best wishes. Lance

[smurfy2001] 30/7/2015 13:07

shaf200,
Thing is i'm already in this with real shares for some time now...

[shaf200] 30/7/2015 12:55

Also RBS potentially doing well has a had a greater positive effect on Lloyds share!

[smurfy2001] 30/7/2015 12:46

Disappointing day so far for long term RBS shareholders.

[smurfy2001] 30/7/2015 12:22

RBS expects further fines with no let-up from regulators

Burden of compensation and fines will delay resumption of dividend payments, chairman Sir Philip Hampton says

The shares were buoyed by the performance in the second quarter when analysts’ expectations of a loss proved ill-founded. “The market should be understandably pleased at a small first half profit when analysts had expected a small loss,” said Sandy Chen, analyst at Cenkos.

[leedskier] 30/7/2015 11:59

Going back to the I.B. issue. If US I.B. are going to use the London Stock Market as a HFT cash point shares are never going to go anywhere.

[leedskier] 30/7/2015 11:48

Very good.