Royal Bank Of Scotland Share Discussion Threads

[leedskier] 06/4/2017 06:36

Some in Government, including Philip Hammond and David Davis, may be attempting to bridge the gap between wishful thinking and the economic realities, but not Theresa May, whose 11 years of Home Office indoctrination has left its mark.One example being that she will not allow overseas students to be discounted from the immigration figures and as appears, she will not permit a balanced view to the immigration 'issue'.


Drop the Target: Theresa May accused of 'sabotaging' Government plan to explain benefits of immigration
PM has taken a hawkish approach to migrant numbers since making ending free movement the cornerstone of her Brexit plan

[leedskier] 06/4/2017 06:06

Those who track the US Indices will have seen a 1% plus reversal last night, which began after the US FOMC (Federal Bank policy makers) released minutes at 2.00pm Eastern Time. See the US Index charts above.

Those minutes indicated a wish to reduce the Federal Bank's $4.5 trillion balance sheet. This is viewed as 'hawkisk' and likely to push up borrowing costs.

This morning David Buik tweeted ...

David Buik‏
@truemagic68

European opening calls likely to feel the pangs of FOMC pain & US equity reversals this morning - FTSE -58, DAX -53, CAC -27 courtesy of IG

[avatar333] 05/4/2017 09:16

Morning.

;

[polar fox] 04/4/2017 20:21

Bad news for NatWest Reward C/A holders; fortunately, I'm not one. MSE appears to have the scoop. Here's the opening paras of their news item:

NatWest cuts cashback on Reward account and introduces hefty minimum pay-in

NatWest is cutting cashback for 1.7 million Reward current account-holders from 3% to 2% in June and introducing a hefty £1,500 minimum monthly pay-in for new customers - though it's also cutting the account's monthly fee.

Currently account holders pay £3/month (£36/year) and earn 3% cashback when paying by direct debit for council tax, mobile, landline, pay TV, gas, electricity and broadband bills from any qualifying supplier.

From 26 June new and existing customers will see the monthly fee drop to £2/month (£24/year), but cashback on the seven eligible bills will also drop to 2%.

Customers joining on or after that date will also be hit with a new requirement to pay in at least £1,500/month and register for online or mobile banking - though existing customers won't be affected by this.

The changes also affect parent bank RBS's Reward account, which is the same in every respect except it's only available to Scottish customers.

Unquote

The full article is the final news item, before they went home.

[maxk] 04/4/2017 18:55

Surprise surprise !



Jamie Dimon admits 'not many' JP Morgan jobs will leave UK in major Brexit U-turn

[polar fox] 04/4/2017 14:56

Agree. I'm passing on a second account, but will happily pocket the interest on my existing account to offset my increased council tax!

[maxk] 04/4/2017 14:46

Many thanks pf, but I think I'll pass.

What a palaver for £80 :-(

[polar fox] 04/4/2017 14:33

From MSE:

Tesco Bank has started accepting applications again for its popular current account, which comes with a guarantee of at least 3% AER interest on up to £3,000 until April 2019 - but it's added new hoops to jump through to get the interest.

The guarantee means you'll be able to earn an annual £88.80 in interest for at least two years, but the new rules mean you'll have to pay in £750 and pay out three direct debits each statement month. You can also earn boosted Clubcard points on debit card spending until April 2019.

Existing customers who already have a current account with the bank aren't affected by the new requirements to get the interest, so won't need to pay in a minimum amount or pay out direct debits.

What the Tesco Bank account offers

Tesco Bank closed applications to its account back in February after it was swamped with applicants seeking a guaranteed interest rate. The new deal offers the same guarantees, though the increased requirements to earn the interest could prove a barrier to some.

You don't need to switch to get the interest or Clubcard points. Here's how it works:

It pays 3% AER variable on up to £3,000 per account, and Tesco Bank guarantees the rate won't fall below 3% until 1 April 2019 (though it could rise).

To get any interest, you need to pay in £750 and pay out at least three direct debits each month - and direct debits to a Tesco Bank savings account don't count. These rules apply to statement months rather than calendar months.

You're allowed two accounts per person (so £6,000 savings in total). Couples can open two each to earn interest on up to £12,000, though you need to meet the requirements on each account. If you have an old Tesco Clubcard Plus savings account, you can only have one each.

If you open two Tesco Bank current accounts, it's possible to cycle the £750 minimum monthly pay-in between the two.

If you use the debit card you get Clubcard points. It's one point per £1 on debit card spending at Tesco until 1 April 2019 (then one point per £4), on top of normal Clubcard points, and one point per £8 spent elsewhere.
Unfortunately, you're not able to open a Tesco Bank current account if you live in Northern Ireland.


What does Tesco Bank say?

Managing director David McCreadie says: "I am pleased to reopen applications for our unique current account guarantee designed to provide peace of mind to our existing customers by offering a guaranteed credit interest rate.

"Given the unprecedented response to the initial offer we made in February, there are a number of conditions new customers must meet to qualify for the credit interest benefit of this current account offer."

Unquote

[polar fox] 04/4/2017 14:05

cfc, in particular, is going to be happy with this news.

Today's Senate Calendar has Rod Rosenstein and Rachel Brand listed for voting by the full Senate. But a word of caution - I've noticed that being listed is one thing, the Senate finding the time to debate and vote is quite another. It can take 1-2 weeks. Also, they are listed in fifth and sixth places, after Neil Gorsuch, the controversial nominee for the Supreme Court and that is going to be in all the headlines shortly, as the partisan trench warfare gets underway.

It's possible the voting for both of them could come by next week, otherwise after Easter. But the main thing is that we're now in the final stretch for Brand to be confirmed by the full Senate and for discussions on the all-important fine to recommence, once she gets settled.

When voting actually occurs, the result is immediately published, so we'll know real time, pretty much.

[mondaytuesday] 04/4/2017 11:01

Chinese, sounds like you invested allot. My commiserations :( Luckily l don't have allot invested here.

---



Chinese Investor
3 Apr '17 - 09:24 - 46 of 49    0   0
"Claimant costs so far exceed £20m"

Small PIs have forked out £1,500 each and so the Action Group have got a minimum of £40 million.

They do in fact have a great deal more than this because some claimants have forked out more than £15,000 !

[avatar333] 04/4/2017 09:55

Morning.

;

[smurfy2001] 04/4/2017 09:53

Loss-making RBS hit by prospect of £125m bill over courtroom battle with furious shareholders

The NatWest owner is accused of misleading investors about its health

Its claimed the bank 'lied' in a bid to get £12bn at the height of the financial crisis

Executives were forced to seek a £46bn Government bailout after frantic efforts

[chinese investor] 04/4/2017 08:51

"Loss-making Royal Bank of Scotland could spend £125 million in a courtroom battle with furious shareholders over a doomed fundraising drive, legal documents reveal"

[polar fox] 03/4/2017 20:59

maxk,

In case you're wondering, about an hour after I posted re TB changing their C/A page, they changed it back to the one which has run for weeks! Clowns. Perhaps they started receiving queries on such a scale that they decided to retreat back inside their bunker!

[maxk] 03/4/2017 20:36

This time, it's not Bonaparte, it's Merkel.

[leedskier] 03/4/2017 19:28

Everyone knows that on the morning of 21 October 1805, the Royal Navy under the command of the brilliant Admiral Nelson (without any doubt one of the greatest commanders ever in the annals of British history) decimated the much larger combined French and Spanish Navies off the coast of Spain.

What may not be so widely appreciated is that the importance of that day was not merely that for at least a century, it ensured that the Royal Navy was the most powerful Navy on the planet, but that it thwarted Bonaparte's plans to invade Britain.

Bonaparte then demanded that every country under his rule or under threat of invasion, which at that date included most of Europe, ceased trading with Britain. This edict gave rise to what became known as the 'Continental System'. This economic blockade was an unsuccessful attempt to force Britain to sue for peace.

Ultimately Bonaparte (and France) paid a heavy price for attempting to bankrupt Britain. Ten years later, in a battle which lasted just one day, the British Army under the command of the Duke of Wellington, supported by the Prussians, slaughtered the French army.

[wattene] 03/4/2017 17:30

Thanks CI, I can't remember my initial holding, but I only have just over 100 now, so seems too rich for me to join.

[polar fox] 03/4/2017 15:42

Tesco Bank

For anyone interested, they have changed the official message re opening current accounts since I checked earlier today. However, still no dice for online yet. Is there a hint that offline is now available?? No way to know from the site that I can see.

[smurfy2001] 03/4/2017 11:39

LON:IMG down 62% Apple looking to their own GPU designs in future.

[avatar333] 03/4/2017 11:08

Morning.

;

[chinese investor] 03/4/2017 10:34

"The bank’s legal costs are understood to have passed the £100m mark before the end of last year"

Of course the majority of that was defending themselves against the big boys.

They settled with the big boys last December.