Royal Bank Of Scotland Share Discussion Threads

[gcom2] 09/11/2016 19:55

I did ask myself, on this thread a few days back " Why should a Trump win be bad for stock markets?", I could not find a reason. That rumour was manufactured by the "media"- someone had an agenda, obviously.

[cfc1] 09/11/2016 18:28

leeds....the Russians will feel a lot better and confident in good Russian/us relations......its the Chinese that will worry as he knows their games ...
loved it when he was asked a few weeks back...will you commit to still paying half japans defence budget..he said why are we paying anything!!

[leedskier] 09/11/2016 18:14

I just hope he keeps NATO strong. We cannot have NATO countries being invaded by Russia.

I think he will be good for business. The market thinks so too.

From Bloomberg:


You need to go all the way back to the dark days of 2008 to find a stock market reversal to rival that of the last 12 hours, in which S&P 500 Index futures erased a 5 percent loss triggered by Donald Trump’s surprise presidential election win. Bigger turnarounds only happened three times before, twice in the final months of 2008 and the other in October 1987, data compiled by Bloomberg show. Stocks turned higher on Wednesday as speculation the Republican will pursue business-friendly policies offset some of the broader uncertainty surrounding his ascent.

[cfc1] 09/11/2016 18:02

Leeds...don't tell me we are at odds about Trump too? Would you have preferred useless Clinton?

[leedskier] 09/11/2016 17:54

Trump has made bankruptcy respectable

[gcom2] 09/11/2016 17:49

JPM currently +5%

[gcom2] 09/11/2016 17:46

"We think the main result of Donald Trump's election will be that Trump will be able to appoint regulators who are more industry friendly than regulators appointed by President Obama," KBW's Brian Gardner wrote in a note.

hxxp://uk.businessinsider.com/us-bank-stocks-update-november-9-2016-11?r=US&IR=T

[gcom2] 09/11/2016 17:45

US bank stocks are climbing
Portia Crowe


Disclaimer More US9497461015 on Markets INSIDER »


Donald Trump's electoral win may have sent markets into shock on Tuesday night, but bank stocks are climbing on Wednesday.

As of about 10:20 am ET Wednesday:
•Bank of America was up about 3.5%
•Goldman Sachs was up about 2%
•JPMorgan was up about 3%
•Morgan Stanley was up about 2.5%
•Wells Fargo was up about 3%

Citigroup's stock was down about 0.7%.

Trump's win confounded the polls and sent volumes in the futures market surging.

Markets then bounced back, as the world digested the news and Trump's conciliatory victory speech. VIX futures, or bets on the so-called Fear Index, subsided after jumping as the election results turned toward Trump.

Bank stocks are typically seen as a gauge for the financial industry more broadly.

[maxk] 09/11/2016 17:24

Well said cfc.


You too Av.

[cfc1] 09/11/2016 17:23

back to RBS...if W&G is disposed of for £1.3B and provisions are _-£5B then RBS should be in a good place for DoJ fine....their biz in the US was nowhere near Deutsche Bank..so I am feeling a bit more bullish that we are bottoming here.
Will post any news I get back from contacts in RBS...

[avatar333] 09/11/2016 15:02

beep beep whirr

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[cfc1] 09/11/2016 13:30

got nothing yet GCOM2 and not sure what they will release...I doubt I will get told whether RBS case now being reviewed/even started given Deutsche Bank not settled yet........ the good news is we might get the whole lot sorted in 2017

[gcom2] 09/11/2016 12:18

good stuff cfc thanks

[cfc1] 09/11/2016 11:00

my RBS contact is on hols...Gcom2 the bigger question is whether the US DoJ RBS case is now front of the queue...let alone what provisions for the fine. Anyway I've asked the questions and hopefully will get a call back.....

[cfc1] 09/11/2016 10:32

good man gcom2..I will try too.....sitrep when I get an update!!

[gcom2] 09/11/2016 10:20

Well the attorney general is appointed by the president, so presumably there will be a new one. Hopefully Donald will appoint a scot friendly one!!

[tfergi] 09/11/2016 10:05

I wonder how trumps victory will impact the fines?

[gcom2] 09/11/2016 10:01

ok, I'm calling them again today. the amount put aside should be available to investors as its part of the audited company results, will let you know if I find anything.

[cfc1] 09/11/2016 09:56

gcom2..i did but they don't know ! infact my contacts are not telling me much right now...legal reasons etc

[avatar333] 09/11/2016 09:50

Meanwhile, RBS heads for 19p.

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