Royal Bank Of Scotland Share Discussion Threads

[leedskier] 04/12/2017 07:26

Quite remarkable that a bounce is forecast given the chaos in UK politics, but if the $$$$ is on the front foot, commodities will benefit.

[buywell3] 03/12/2017 15:23

Property prices are falling in the UK

The labour party let banks go unregulated under Brown

2008 crash resulted

Plus current swathe of various miss- selling still on going and RBS scandal re small businesses

A property correction is coming ... when it does banks will not want to be holding circa 20 of the UK property market on their books as repos.

What will they do instead ?

As Fiat money loses value ... not pegged to Gold

It is easy to see why the rise of Crypto Currencies has taken hold

What are the banks going to do to stop fiat money from continuing to lose value ?

Will their be queues to buy LLOY and RBS taxpayers shares ?


GOLD is being held steady by those that have the power to do so .... US Banks for the most part

When World property bubbles go pop as interest rates rise ... who will be able to buy the repos ?

Most folks have debt issues now

[smurfy2001] 02/12/2017 17:16

Mr Trump in the 80s

[ianood] 01/12/2017 17:38

Yes polar, the dynamics of retail banking are changing rapidly. Maybe, a tad to quickly for some. On the plus side it cuts costs massively.

[polar fox] 01/12/2017 15:12

Yes and no, ianood - with this particular list, I was left wondering "Is nowhere safe?", probably to a greater degree than other banks' recent cull lists.

[maxk] 01/12/2017 14:48

Royal Bank of Scotland is set to close 259 branches across the UK, with 197 Natwest and 62 RBS outlets being shut down due to a massive switch to online banking.

[ianood] 01/12/2017 14:29

Already doing/done it polar

[polar fox] 01/12/2017 13:57

I've just seen the list of 197 NatWest branches being closed. Unite describes the cull as "savage" and that is certainly no exaggeration.

I'm in a town of about 30,000, where all the big players have a branch, so NatWest will be the first to go. The branch in the town where I used to live - about 10 miles away - will also be closed. And these are affluent places south of the M4. Shocking stuff really and probably an indicator of what other banks will do in the not-so-distant future.

[maxk] 01/12/2017 10:33

U.K. Manufacturing PMI Jumps to Over Four-Year High

Date : 01/12/2017 @ 10:21
Source : Dow Jones News





U.K. Manufacturing PMI Jumps to Over Four-Year High



By Wiktor Szary


LONDON--Activity in the U.K.'s manufacturing sector posted the fastest growth in over four years in November, as production, new orders and employment all gathered pace, a closely watched survey showed Friday, a sign British factories are benefiting from strong global demand and weakened sterling.

Financial information firm IHS Markit Ltd. said its purchasing managers index for the manufacturing industry, jumped to 58.2 in November, up from the upward-revised reading of 56.6 a month earlier.

November's figure was the highest in 51 months, and came significantly above the expectations of analysts polled by The Wall Street Journal, who forecast only a moderate acceleration and and a reading of 56.7.

The 50-point line separates expansion from contraction in activity.

"On its current course, manufacturing production is rising at a quarterly rate approaching 2%, providing a real boost to the pace of broader economic expansion," said Rob Dobson, director at IHS Markit, which compiles the survey.

The U.K. economy has slowed markedly this year as inflation, which accelerated sharply after the pound's steep post-Brexit depreciation, began to outpace wages and squeeze consumers--a key engine of growth.


Write to Wiktor Szary at [e-mail]

[maxk] 01/12/2017 08:32

A snippet..

[leedskier] 01/12/2017 07:23

The £££;£ continues to rise especially against the $$$$.

[cfc1] 30/11/2017 15:02

smurfs - yeah true! But depends what you do! we always used to look back, forward, sideways :-)) anyway, spoke to RBS investment team today re DoJ prog. They did point at that RSB ful year result are not until feb next year and they still clearly want to get the fine sorted by then. But, the big boys are not yet engaged - still with the lawyers or the lower ranks!

[cfc1] 29/11/2017 18:06

smurfs - yeah true! But depends what you do! we always used to look back, forward, sideways :-)) anyway, spoke to RBS investment team today re DoJ prog. They did point at that RSB ful year result are not until feb next year and they still clearly want to get the fine sorted by then. But, the big boys are not yet engaged - still with the lawyers or the lower ranks!

[m1k3y1] 29/11/2017 18:03

I think we should hear something after the 8th December , or thereabouts.

[m1k3y1] 29/11/2017 17:57

Havn't heard a thing

[barmiddleton] 29/11/2017 17:08

Things have been very quiet for a while, just wondered if any of you have any further info. Have nothing to add myself I have to say.

[smurfy2001] 29/11/2017 16:04

cfc1, best not look back

[cfc1] 29/11/2017 14:40

wish I had bought bitcoin when told it was hot at £3200 only 6 weeks ago..now over £8400!!!!!

[smurfy2001] 29/11/2017 14:08

I just checked my google spreadsheet which l use to hold all my stocks and that is still working, i.e., slightly delayed pricing.