Royal Bank Of Scotland Share Discussion Threads

[cfc1] 24/10/2016 14:14

avatar333...true words....get that Kiwi out of the way! :-)

[careful] 24/10/2016 13:38

See. 'The Firm' starring Tom Cruise.
Lawyer for the Mob.
Great pay and perks.

[shaws67] 24/10/2016 13:19

Thanks Leeds.

My cousin is in that line in London, has a QC title, infact he's now a Judge, earns silly eye watering money.

Some very interesting cases you must have dealt with.

[leedskier] 24/10/2016 13:08

No time. 12 hours was a short day.

It is funny my son in law works in fixed income. He never trades shares for the same reason.

It always amazes me that those in employment have the spare time during the working day to focus on shares and post on bulletin boards.

[avatar333] 24/10/2016 13:02

I think the avatar cfc1 would be perfect for the job, gcom2.

;

[gcom2] 24/10/2016 13:01

rbs needs a ceo with balls. refuse to pay any more fines, and keep w+g
job done.

[careful] 24/10/2016 12:52

Why, did you have poor judgement?
(black humour)

[leedskier] 24/10/2016 12:51

shaws67, yes but I retired a decade ago. Many of those involved in the particular kind of work I did tend to burn out in their mid fifties. I was no exception. Many at that point take full time judicial jobs, but I didn't. I really enjoyed it but do not miss it.

When I worked I never directly invested in the market nor used any form of social media.

[avatar333] 24/10/2016 12:31

Afternoon.

;

[shaws67] 24/10/2016 12:18

Hi Leeds, where you a lawyer?

[leedskier] 24/10/2016 11:33

UK industrial orders fall, as weak pound drives up costs.

Newsflash: UK factories have suffered a fall in industrial orders this month.

The CBI’s monthly survey of manufacturers shows that the balance of orders fell to -17 this month, down from -6 in September. That suggests that factories are finding things a bit tougher this month.

But... they’re also more upbeat about future prospects. The CBI’s business optimism index has risen to -8, from a positively gloomy -47 in September.

And the balance of firms reporting higher exports rose to +8 over the last three months.

Perhaps the most interesting line is that the weak pound isn’t being cheered too loudly.

Almost half the exporters surveyed said the fall in sterling was bad for their business (even though it should make their products more attractive in foreign markets).

[cfc1] 24/10/2016 11:22

508M....that is the size of the Europe not what the EU is all about!!! Anyway, hoping for something less that disastrous from RBS on fri....but cant see any news on DoJ fine or W&G prog therefore nothing on divi either....so a flat quarter with more provisions for fines!

[leedskier] 24/10/2016 11:06

Population.

508 million

[cfc1] 24/10/2016 11:04

Leeds....what do you mean the EU is 10x the size of the UK...exactly WHAT is? the trading population maybe but the countries with real value/worth/gdp/things we want = 3 times the size max!!

[leedskier] 24/10/2016 10:53

I once did a case in Luxembourg. It is where the EU Court is. Not the human rights one, but the one which decides whether Governments are breaking EU laws.

It is not like Paris. It is very tiny. Population about half a million. Second highest per capita gross domestic product in the world. Minimum pay is very high. Makes its money from banking and attracting US businesses by offering very low rates of tax.

add

Not sure my daughter would want to live there.

[leedskier] 24/10/2016 10:47

The banks need passporting. The size of the EU is 10x the UK.

[maxk] 24/10/2016 10:43

I don't know Luxembourg leeds, but at last look it was still in the €uro union and so would come under €U banking laws...which I thought the banks wanted to get/stay away from.

[leedskier] 24/10/2016 10:39

maxk I am not in the slightest concerned about exports and imports post brexit. The fall in Sterling more than makes up for any 15% increase in sales tax overseas.


I am concerned about the impact on invisible earnings and primarily the City.


If that is hit hard, it will have a much more significant impact on the British economy than a reduction in sales of some widgets.


The idea that overseas banks, currently located in the City could move all or even a significant part of their operations to Luxembourg is dreadful. It is nor even a nice place to live.

[maxk] 24/10/2016 10:37

Only £5million per branch...a snip, hardly worth a mention.

[maxk] 24/10/2016 10:31

Heresy...from the Gruan.



EU firms could pay higher tariffs to export to UK than vice versa, says thinktank


Civitas finds that if Britain turned to WTO terms after Brexit it would pay £5.2bn a year in tariffs versus £12.9bn for EU firms


Peter Walker Political correspondent

Monday 24 October 2016 00.01 BST



EU firms exporting goods into the UK face a potential tariff bill two-and-a-half times more than the equivalent for British firms sending goods the other way, if there is no new trade bill in place at Brexit, according to a thinktank.

EU firms would have to pay £12.9bn a year in tariffs to the UK if Britain turned to World Trade Organisation terms after it left the bloc, the report by Civitas said. The most affected sector would be car manufacturers, who would pay a theoretical £3.9bn.

In return, British exporters to the EU would, under WTO terms, have to pay £5.2bn a year in tariffs.

The author of the study, Justin Protts, said the figures showed how much both sides had to lose if they did not reach a trade arrangement during the two-year process begun by the triggering of article 50 next year.

However, he said, the UK could have something of an easier time, both in terms of the lower overall total and being able to alter its tariff schedule in a way that would help British businesses.

“These figures highlight the importance of securing a post-Brexit trade deal not just for the UK but also for the EU,” he said. “European exporters have a great deal to lose without free trade across the continent.”


The study found that 22 of the 27 remaining EU members would face more tariffs on exports to the UK than UK exporters would face on sales to them, with the biggest differentials for major trading partners such as Germany and France.



More:

[leedskier] 24/10/2016 10:30

It is only £5 million.

There is an empty ground floor (former) shop near me for sale, hardly big enough to accommodate a bank, for £2 million.

[maxk] 24/10/2016 10:16

Is that a typo?

£5000000 each branch costs for a failed sale??

[leedskier] 24/10/2016 09:52

A consortium made up of private-equity firms and the Church of England has received at least £180m from Royal Bank of Scotland for backing the bailed-out bank’s aborted attempt to float off 300 branches on the stock market.

The Edinburgh-based bank, 73% owned by the taxpayer, has already admitted that the ill-fated attempt to carve out the 300 branches under the Williams & Glyn (W&G) brand has cost £1.5bn.

Documents filed at Companies House shed light on the sums paid by RBS to the consortium – which, as well as the Church of England, included Corsair Capital and Centerbridge – formed three years ago to participate in the flotation of W&G. In a complex deal, they put £600m into RBS through a bond, which was intended to be exchanged for shares when the new bank floated on the stock exchange.

RBS may reveal further costs associated with the troubled branch spinout when it publishes its third-quarter results on Friday, at the end of a week in which rival bailed-out bank Lloyds Banking Group also reports, along with Barclays.