Share Name Share Symbol Market Type Share ISIN Share Description
Royal Bank Of Scotland LSE:RBS London Ordinary Share GB00B7T77214 ORD 100P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.90p -2.67% 215.20p 215.20p 215.30p 218.00p 213.40p 217.40p 12,376,502.00 12:44:46
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Banks 12,923.0 -2,703.0 -17.2 - 25,445.38

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Date Time Title Posts
16/1/201712:58RBS 'A NEW THREAD II'145,894.00
05/1/201712:26RBS 2008 Rights Issue - 27,000 Investors Discussion Group23.00
25/10/201615:28RBS trader's thread5.00
06/7/201607:30RBS HEADING BACK DOWN TO 10p9.00
29/4/201606:48RBS - Plenty of bubbly for the shareholders meeting20,903.00

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Royal Bank Of Scotland Daily Update: Royal Bank Of Scotland is listed in the Banks sector of the London Stock Exchange with ticker RBS. The last closing price for Royal Bank Of Scotland was 221.10p.
Royal Bank Of Scotland has a 4 week average price of 226.81p and a 12 week average price of 209.49p.
The 1 year high share price is 268.30p while the 1 year low share price is currently 148.40p.
There are currently 11,824,063,184 shares in issue and the average daily traded volume is 18,492,950 shares. The market capitalisation of Royal Bank Of Scotland is £25,350,791,466.50.
smurfy2001: RBS braces for a monster fine RBS is one of the last big banks to settle with US authorities over its role in mis-selling risky mortgages, the scandal at the very heart of the great financial crisis of 2008/9. According to RBS shareholders the BBC has spoken to, if the US Department of Justice (DoJ) slaps a fine around the $10bn mark, there will be drinks all round at RBS HQ and the share price will probably go up. RBS itself is loath to offer an estimate as it's worried it may antagonise the very regulators with whom it is in tense and high stakes negotiations. It has good reason to be cautious. Deutsche Bank tried to create a consensus around a figure of $5bn for its own settlement, only to see the Department of Justice get the hump and hit them with a bill for $14bn. That riposte saw Deutsche Bank's share price tumble as a fine of that size was nearly 85% of the bank's market value at that time. The two sides eventually settled on a figure of $7.2bn. RBS had a much bigger share than Deutsche of the sub-prime mortgage market and analysts estimates of the ultimate bill cluster around the low teens of billions. If it is much higher than that, some shareholders think RBS should refuse to settle and instead take the matter to court. That was the approach taken by Barclays who balked at a figure (thought to be around $5bn) for their comparatively small role in the market, feeling that foreign banks were being disproportionately punished by US regulators compared to American banks. For example, Goldman Sachs was a much bigger player than Barclays in this market and settled for just over $5bn. A Barclays insider told the BBC: "If the gap between what the DoJ was asking and what we thought reasonable could have been bridged, we would have done it but the gap was just too wide." Barclays decided it would take its chances fighting the US regulator in court - an option no bank takes lightly. We won't know if that was the right call for many weeks or months. That is the same dilemma facing RBS. If the DoJ comes back with a number in the high teens of billions - should it pay or fight? 'Legalised extortion' Many shareholders agree that foreign banks are being unfairly punished and would back the bank if it refused to cough up. One told the BBC: "Justice is not the guiding star for the Department of Justice. You might as well call it the Department of legalised extortion. The US authorities are shaking down the only investment banking competitors to the big US banks." The Department of Justice declined to comment. But remember, the DoJ is about to get a new boss appointed by a new President. His preferred choice is Republican Senator Jeff Sessions who has courted controversy for his hardline views on immigration but is fairly inexperienced in financial regulation. So the gamble is this. Settle with this lot - who have shown themselves to be tough on European banks - or hope you get an easier ride with the new administration who may - or may not - look more favourably on UK institutions. Canary WharfImage copyrightPA Whatever choice RBS takes, it will be a massive body blow to a bank already punch drunk with its various regulatory maulings. It was the only UK bank to fail the Bank of England's stress tests in November - in part because of the cloud of this imminent fine. The Bank of England was satisfied that RBS had a credible plan to bolster its finances further but a particularly vicious upper cut from the US won't help. Attempting normal This is the last big impediment between RBS and its attempts to return to normality. Just today we saw Lloyds announce that the UK government was no longer its biggest shareholder. RBS is still 73% owned by the government and is years away from that, but putting all the misconduct and litigation to one side, this is a bank capable of making a billion pounds a quarter in profit. Many may find banks making profits unpalatable but the truth is economies function better with healthy banks that can get on with the job of being their bloodstream, delivering credit to where it is needed. Getting this matter settled will be like having a tumor (size TBC) removed. The operation may well be painful, but only when it's done can RBS truly begin to heal.
cfc1: well one damn day perhaps RBS share price will turn. Its a depressing read being an RBS share holder...we need something positive from this bank one day!!! Still W&G disposal will be step one. The US DoJ....still waiting to see Deutsche bank fine.....
gcom2: Any views here on how a Trump/Clinton win will affect rbs share price? or, as it's rbs will it fall on either one winning?
cfc1: yet.....RBS share price which has been slammed not even up 5p on the news!
cfc1: Gcom....good logic. I think that's about right re RBS likely fine. Avatar - will the weather affect RBS share price do you think. Was gonna ask ...what do the tealeaves say but guess it should read cartoons?
shaws67: Has RBS share price got a puncture?
smurfy2001: 6 AUGUST 2016 • 1:31PM RBS is nearing the point of becoming a recovered bank and well on the way to being a good bank,” said the chief executive of the Royal Bank of Scotland. It sounds good, doesn’t it? At last, RBS is showing signs of a turnaround, long after the 2008 bailout which took it largely into public ownership. Sadly, that is not the current chief executive. Those were the words of Stephen Hester in 2012, four long years ago. He left amid a row with the government a year later, but little has changed in the outlook for the bank. Bosses now claim RBS is making good progress, getting back into shape and tackling past problems – yet it is making sustained losses every year. Back in 2012, the bank was talking about resuming dividend payments – something which still seems as far away as ever. Last year, the then-chairman Sir Philip Hampton was predicting dividends would resume next year, but hopes for a payout have dwindled. Even analyst forecasts of a dividend for 2017, which would be paid in 2018, have collapsed. At the start of 2015, the average prediction was for a 17p per share dividend. Now that has fallen to just 3p. “I have a nominal 2p 2017 final dividend pencilled in, to be declared in February 2018,” says Ian Gordon, an analyst at Investec. “I’d be mightily surprised to see anything before that – it is unclear if the bank will be profitable by then.” Four years ago, executives even discussed the prospect of selling down the government’s stake in the bank. That kicked off 12 months ago, when then-Chancellor George Osborne sold a £2.1bn stake in RBS. He hoped it would inject extra liquidity into the market and act as a show of confidence in the bank, but its share price has fallen ever since. The share sale now feels depressingly like a one-off. The sale a year ago priced the shares at 330p. Now they are trading at 179p, and even fell to a record low of 148p in July. It is a grim time for shareholders. But bosses insist the bank remains on the right track. “It is important to recognise that we are a normal bank today – we’ve got six franchises that are doing very well. Over the last six quarters we’ve generated £1bn on average, pre-tax, out of those businesses,” says finance director Ewen Stevenson. “The only thing holding us back from normality is the speed at which we work through the legacy issues. Today, while we did take sizeable conduct provisions, that is a good sign of us continuing to make progress and cleaning up the past.” Even Mr Hester looks back snd sees progress. “I remain extremely happy with my time at RBS, probably more happy that I was there because some of the stresses and strains fade in your mind,” he says. “In terms of what we did at RBS, obviously I’m biased but I think we did a fabulous job – we completely saved the bank, which was far from obvious. We built very, very great foundations for the future. “The one thing we didn’t do was manage to get the share price high enough, which in part was because the government was imposing a strategy on us which I didn’t agree with, which was why I left.” A key difference to which he alludes is the strategy towards the investment bank. Mr Hester wanted a smaller but highly profitable investment bank, but the government wanted a radically reduced unit that would exist solely to provide modest support for large corporate clients. Grappling with that entity is still a problem – last year RBS’s corporate and institutional banking arm made an operating loss of £837m, worse than the £710m loss in 2014 and driven by another £524m restructuring charge. In some areas, history is repeating itself with huge precision. Perhaps the most astonishing carbon copy comes with Williams & Glyn, the spin-off bank that RBS was ordered to set up as a condition of its crisis-era bailout. “The branch sale to Santander… seems to take longer every time I ask a technologist about it,” said Hester in 2012. “So I’ve stopped asking, but anyway, it will happen one of these days.” That statement looked silly shortly afterwards as Santander dropped the deal. Yet in recent months the Spanish-owned bank has restarted enquiries and is even thought to have pencilled in a new offer. The problems to which Hester referred are far worse than he imagined. RBS has 6,000 staff working on the project at a cost of £50m a month. Perhaps Santander will ride to the rescue, moving customers over to its own systems. Or RBS might be saved by Brexit – the European Commission demanded the separation, and its rulings will no longer matter once the UK leaves the EU. Until any decision is made there, the next pressing issues are the Bank of England’s stress tests and the negotiation of a US fine. Regulators at the Bank of England are pleased that RBS has an increasingly formidable capital buffer, though it will not be able to pay any excess capital to investors until officials are convinced the bank can withstand any future recession. While RBS passed the European Banking Authority’s stress test well enough last month, it suffered a large fall in its capital position in the hypothetical downturn, indicating some of its loans are still of relatively low quality. A related problem is the fine for selling toxic US retail mortgage-backed securities before the financial crisis. US authorities have a habit of taking as much capital as a bank can bear to lose, so RBS’s newly restored buffers could be wiped out. Also, the fall in sterling will make fines in dollars substantially higher in pounds. Brexit’s impact may also leave a slowing economy, which also dents RBS’s prospects. The bank has found itself at the end of a business cycle before it has even cleaned up the mess from the previous boom and bust. Chief executive Ross McEwan admits this is pushing down returns again. “Given there will be lower interest rates for a lot longer now, we do have to start factoring that in and so does the market,” he says. That is to say: don’t expect a payday for investors – or the taxpayer – in the near future.
leedskier: cfc1 you seem to be losing your charm today. Nothing to do with the impact of the referendum on RBS share prices, I guess, since you seem to be persuaded that it is just a blip.
bit thick: "Read yesterday that Brexit could take RBS share price down 25%" and what happens if we stay in and the Euro zone collapses? 25% down might be a good option!
jungle jim: What is the concensus regarding the RBS share price after the referundum? As I see it the Brexit question is suppressing it, should it then be taken as given that on the 'stay in' result (according to the book makers and therefore most likely) we will rise?
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