Royal Bank Of Scotland Share Discussion Threads

[smurfy2001] 25/6/2017 21:20

Honestly it's for the best this bank has allot of dead wood and is highly inefficient.

[maxk] 25/6/2017 20:10

Shocking PR, but perhaps they don't care anymore?

[smurfy2001] 25/6/2017 16:08

I think the latest provisions were as per below so above fine would be VERY good news. But it sounds like there's further settlements as yet and RBS might need to make further provisions.

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This takes the total aggregate of such provisions to £6.7bn ($8.3bn) as at 31 December 2016.

Read more at

[smurfy2001] 25/6/2017 16:05

RBS Nearing $4.5 Billion Settlement Over Mortgage-Backed Securities Sales

RBS is also in formal settlement discussions with the U.S. Department of Justice over another residential mortgage-backed securities penalty. The settlement has been drawn out because of changes in DOJ senior officials under the Trump Administration.


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The Royal Bank of Scotland Group plc RBS is about to reach a settlement with the Federal Housing Finance Agency (FHFA) regarding the sale of mortgage-backed securities to Fannie Mae and Freddie Mac during the 2008 financial crisis, per a SkyNews report.

The deal is expected to cost $4.5 billion (£3.5 billion) to the bank. However, it would still be in talks of settlement with the U.S. Department of Justice and the cost is expected to be higher than that with FHFA.

[smurfy2001] 25/6/2017 14:11

Sounds like someone trying to get rid of stock before the rmbs fine. The main item looming over this bank right now.

[steve73] 25/6/2017 09:32

I think a US RBS is two ordinaries.

[bex bissell] 25/6/2017 09:03

Thats one hell of a target -- £5.67

[gcom2] 24/6/2017 15:08

Zacks Investment Research upgraded Royal Bank Scotland PLC (The) from a "hold" rating to a "buy" rating and set a $7.25 price objective on the stock in a research report on Wednesday. Seven research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Newburgh Gazette hxxp://newburghgazette.com/2017/06/19/royal-bank-of-scotland-group-lon-rbs-broker-roundup/

[mondaytuesday] 23/6/2017 18:28

Short is coming on nicely.

[leedskier] 23/6/2017 15:15

George Osborne kneecaps Theresa May in an editorial in today's Evening Standard.

Last June, in the days immediately after the referendum, David Cameron wanted to reassure EU citizens they would be allowed to stay. All his Cabinet agreed with that unilateral offer, except his Home Secretary, Mrs May, who insisted on blocking it.

[dope007] 23/6/2017 13:14

Dream on. Freedom comes at a price

[lance corporal winstanley ash] 23/6/2017 13:05

Nobody is illegal. The world is free

[dope007] 23/6/2017 09:58

SO how come illegals should suddenly be allowed to stay? If illegal then see ya

[the_man_with_the_pink_gun] 22/6/2017 22:00

STRONG SELL

TARGET £1.94p

[ramco] 22/6/2017 18:42

Smurfy, in light of the above boil oozing pus I rest my case...

[mondaytuesday] 22/6/2017 11:55

Hereford - Bunch of Carrots - Nice to meet you cfc1.

[maxk] 22/6/2017 11:01

Woefully ignorant.

[careful] 22/6/2017 09:51

British are ignorant of their history.
Rarely have we achieved much without outside help.

'We get by with a little help from our friends', as the song says.

[careful] 22/6/2017 09:38

is this market about to correct.
sentiment seems to be cooling after the near 35% rise since feb last year.