Royal Bank Of Scotland Share Discussion Threads

[polar fox] 16/4/2018 07:28

"Cryan could be big coup for RBS"

Article in today's Times, protected as to the full content. But the thinking is clear enough. Evidently, Cryan warned against ABN - and the rest is history, as they say.

[m1k3y1] 14/4/2018 16:07

was hoping to attend the hearing but unable to go now
If anyone else goes can they update please.

[barmiddleton] 14/4/2018 15:23

I will be very interested to learn the outcome of the hearing on Monday. Surely the judge Justice Hildyard will be able to see through the AG's confustications and their shallow claims and arguments. Indeed, I'm hoping he will give the AG a much needed kick up the behind!

[m1k3y1] 14/4/2018 12:58

Can't find anything on google.
If anyone can find info on Opis Asset Holdings would be interested to see it .
Thank you

[m1k3y1] 14/4/2018 12:53

Opis Asset Holdings - now there is a new name added to the pot !!
Thanks CI

[chinese investor] 14/4/2018 11:40

"THOUSANDS of RBS shareholders are edging closer to finally receiving their share of a £200 million payout from the bank, with a battle between the current and former agents that represented them to play out in court this week.

Last June the RBOS Shareholders Action Group, which claims to represent 27,000 investors who answered RBS’s £12 billion cash call in 2008, agreed to accept an 82p per share offer from the bank.

Since then just £25m of the settlement has been paid out to shareholders, with an ongoing legal dispute between the Isle of Man business that funded the original claim and the action group itself meaning final payments are being delayed.


The legal teams acting for funder Manx Capital Partners and the RBOS Shareholders Action Group will face off in the High Court in London on Monday, when each side will blame the other for the impasse.

At an earlier hearing London firm Signature Litigation, which is acting for Manx - the shareholder that now represents the interests of the other individuals that signed up to the action group - alleged that the group had included 90 million “phantom shares” in its claim.

Manx wants the judge, Mr Justice Hildyard, to order the action group to hand over all documentation relating to its members so the ownership of every share being claimed for can be verified.

This is because RBS will only make a payment once its own lawyers are satisfied that the money is going to legitimate claimants on its shareholder register.

Meanwhile the action group, which formerly instructed Signature but now uses Rosenblatt Solicitors, will argue that a dispute over Signature’s fees is the reason that investors are still waiting for their settlement.

A source close to the matter said that the action group wants the judge to order a reduction in Signature’s fees so there is “more to go into the pot” for shareholders.

During an earlier court hearing between Manx and the action group Mr Justice Hildyard said it was “an appalling situation” that shareholders were still waiting for their share of the settlement, adding that that was down to “the shenanigans which are going on between the present parties”.


While the costs of bringing the claim against RBS will be met out of the £200m settlement, the RBOS Shareholders Action Group recently secured a series of loans from a British Virgin Islands-listed business in order to fund its fight against Manx.

Opis Asset Holdings, which is understood to have links to an Irish businessman, is thought to have lent the group over £1m, with security for the sum being provided by a company called Evalusafety.

Established in 2013, Evalusafety has an unknown link to the action group and is understood to be claiming £20m of the £200m settlement from RBS as a success fee related to the case.

It is thought that the loans from Opis have been secured against that as-yet unpaid £20m.

Manx - the investment vehicle of Preston North End owner Trevor Hemmings - is understood to be funding its own legal costs."

[polar fox] 13/4/2018 20:25

I doubt very much work is being done in the Justice Dept. atm and that is the frustration for HMT, RBS and its shareholders, of course.

MW:

Trump has 'frustrations' about Deputy AG Rosenstein: White House


President Donald Trump has "voiced some frustrations" about Deputy Attorney General Rod Rosenstein, White House spokeswoman Sarah Sanders said Friday, in response to a question about the possibility Trump would fire him. "I don't have anything to add," she said. Rosenstein has reportedly told confidantes he's at peace with possibly being fired. He is supervising Special Counsel Robert Mueller's Russia investigation.
unquote

Rachel Brand cleared off to Walmart just in time! Smart woman.

[smurfy2001] 13/4/2018 13:26

JP Morgan Chase & Co's first-quarter profit is up 35% from a year ago, helped by higher interest rates and a lower tax bill.

The banking firm records the highest quarterly profit in its history, thanks partly to a tax cut signed into law by Donald Trump.

[tradejunkie2] 13/4/2018 11:44

I'd like to give everyone a smile here with a video that will have you in stiches.

Enjoy kitty cats.

[m1k3y1] 12/4/2018 16:05

Good luck also annie.
I suspect it doesn't help that the AG are not providing the information requested by Signature.
I understand that there is yet another hearing scheduled for this coming Monday.

[annie135] 12/4/2018 15:35

Re: RBS AG I sent Signature proof of Rights Issue and membership of A.G. On Mon. I received an email that raises more questions than answers saying that I was not included in the Group that will receive an interim payment but for the avoidance of doubt this is not to say that you will not receive payment at a later date. I phoned Signature and spoke to a young man and he told me that they did not have my home address although they wrote to me in October at that address. C.I. Good luck. Annie

[m1k3y1] 12/4/2018 11:48

as long as you can demonstrate you paid for the rights and you were issued with the shares CI ?

[chinese investor] 12/4/2018 11:36

The only problem I see is the money I paid for the Rights did not go via my broker and so it does not appear on my broker's statement.
Anyway it's gone off in the post.

[m1k3y1] 12/4/2018 10:31

aha Thanks CI. Fingers crossed for you

[chinese investor] 12/4/2018 10:12

m1,
Evidence that I participated in the Rights Issue.

[m1k3y1] 12/4/2018 10:04

evidence ?

[chinese investor] 12/4/2018 09:45

I have just received an email from Signature asking for evidence.

[leedskier] 11/4/2018 16:27

Tesco now up 7%.

[polar fox] 11/4/2018 07:39

DoJ fine

All sorts of turmoil/speculation in Washington this week, especially following Rosenstein signing off on the FBI's raid on Trump's personal lawyer. CNN, MW, WaPo, NYT, they're all at it. Bottomline, don't hold your breath for the fine being settled anytime soon, folk have other, much more important, matters on their minds.

From MW:

President Donald Trump is considering firing Deputy Attorney General Rod Rosenstein, CNN reported late Tuesday, a day after special counsel Robert Mueller's investigators raided the office of Trump's personal lawyer. Firing Rosenstein could potentially lead to Mueller's probe being reined in, or even lead to Mueller's firing. In a separate report Tuesday, the New York Times reported Trump wanted to fire Mueller in December for crossing a "red line" in his investigation, and on Tuesday White House press secretary Sarah Sanders said Trump believes he has the authority to fire Mueller. CNN said firing Rosenstein is just one option Trump in considering, including firing Attorney General Jeff Sessions. Both Democratic and Republican lawmakers have warned Trump against attempting to derail Mueller's investigation into Russian election meddling and possible collusion.

unquote

[leedskier] 11/4/2018 06:33

David Buik
‏
@truemagic68

CORE SPREADS - European equity market opening calls suggest that some initial profit taking will be in evidence after such a sharp rally yesterday - FTSE -27 at 7239, DAX -53 at 12344, CAC -19 at 5290 - DJIA futures -109 at 24299 - at 6.08am