Royal Bank Of Scotland Share Discussion Threads

[leedskier] 10/5/2013 14:16

definitely very dangerous ... Rambo will be swinging out of the jungle with his bowie knife gripped in his teeth ;

[ramco] 10/5/2013 14:15

definately a tactless question on this thread concerning this share...;

[careful] 10/5/2013 12:09

we are getting close to the oct 2007 peak of about 6700 ftse.
5.5 years and we are back.

i wonder how the investors on this thread have performed over this period.
is your portfolio greater now than it was then?
maybe a tactless question on the RBS thread.

[dope007] 10/5/2013 11:46

Top man resigned now at the Coop. Losses all round on that one. Knock on effects? Who next?

[dope007] 10/5/2013 11:10

Are any depositors going to take a haircut here?

[fewdollarsmore] 10/5/2013 11:01

also you do not like spending due to the VAT rate, I now know two things about you... well 3..

[portside1] 10/5/2013 10:56

i kow the right people that is why i am rich and idle

[fewdollarsmore] 10/5/2013 10:37

port - where did you obtain that info from - source please?

[portside1] 10/5/2013 09:48

the government is to sell their stake in lloys this year to investment arms the deal is being done and as been going on for months 62p is break even the gov want 70p and ill get that by august for the sale .
the gov are going to relax powers on RBS to raise the share price for sale next year

[smurfy2001] 10/5/2013 09:42

The US financial institutions are paying back the government, whilst Lloyds and RBS can't even manage a token £100m.



Fannie Mae to pay $59.4bn back to US after record profit

US federal mortgage agency Fannie Mae has said it will pay $59.4bn (£38.5bn) in dividends to the US Treasury, after posting a record profit in the first quarter.

With the latest dividend payment to the Treasury, Fannie will have repaid $95bn of the $116bn it has received from taxpayer funds.

[portside1] 10/5/2013 09:32

rbs to surge to over 370p

[leedskier] 10/5/2013 09:30

The CoOps pref shares taking a hit this morning.

[maxk] 10/5/2013 09:30

I thought the co-op was one of those stodgy conservative banks, with no funny business.

Is anyhting safe?

[leedskier] 10/5/2013 08:43

Bruce Van Saun (currently Group Finance Director) is to become Chairman and Chief Executive of RBS Citizens Financial Group (Citizens), replacing Ellen Alemany who will retire from Citizens after more than 5 years service. Nathan Bostock (currently Chief Risk Officer) will become Group Finance Director. Nathan will be replaced by David Stephen (currently Deputy Group Chief Risk Officer) as Chief Risk Officer. The appointments will take effect on 1 October 2013 at which point Nathan will replace Bruce as an Executive Director of RBS. All will be members of the Group Executive Committee.

Stephen Hester, RBS Chief Executive, said: "In the last four years we have made significant progress in making RBS a safer bank, better able to focus on the needs of its customers. Bruce has been an exceptional CFO and made an invaluable contribution to this progress. We are delighted that we are able to retain his talents as part of the Group's leadership team as he returns to the US to lead Citizens towards the partial IPO we announced in February.

"I am pleased to welcome Nathan to the Board. Since returning to RBS in 2009 he has presided over our substantial restructuring programme and risk improvements and he will make a great Finance Director. David Stephen joined RBS in 2010 with this succession in mind and we are happy to have him as an able successor to Nathan. I look forward to working with Bruce, Nathan and David in their new roles.

[leedskier] 10/5/2013 08:42

This was known in the City some time ago.


May 10, 2013, 4:09am
RBS' FINANCE director Bruce Van Saun is moving to the US to head up the group's American arm Citizens, before the unit is floated in the next two years.

Risk boss Nathan Bostock will replace him as finance head from October.

The bank plans to float between 20 and 25 per cent of Citizens over the next two years with an IPO in New York.

It is part of a wider move by the state-backed lender to cut down overseas operations to focus on UK retail banking services. And the sale should also free up valuable capital for the bank, helping bring the group back to health.

Meanwhile investor group the Local Authority Pension Fund Forum urged its 56 member funds to vote against RBS' accounts at the AGM next week.

It argues there is a black hole of up to £10bn of likely future losses in the bank's accounts, as rules make RBS report incurred losses, not expected losses.

"RBS is fully compliant with international accounting standards and has market leading financial disclosures," said a spokesperson for the bank.

[leedskier] 10/5/2013 08:05

What with alleged corruption at ENRC and the state nationalisation in progress at CEY, perhaps it is time for British investors to focus on British companies.

[jazza] 10/5/2013 07:37

more the latter methinks but probably the former too to some extent.

that's the internet for you..

[leedskier] 10/5/2013 07:35

Both I think jazza ... especially in the UK retail sector.

add:


The last thing Britain needs is more shops ...

[leedskier] 10/5/2013 07:35

Financial Times - UK Homepage

Report blasts ENRC for Congo deals

[jazza] 10/5/2013 07:34

leedskier 10 May'13 - 07:20 - 109420 of 109424

in terms of where we're going? or where we've been?

[leedskier] 10/5/2013 07:32

THE BROKERS for mining group ENRC have both resigned in recent weeks, adding further strain to the company as it deals with a fraud inquiry and a possible takeover bid from its major shareholders.

Deutsche Bank is believed to have stepped down at the end of April, around the same time ENRC's chairman Mehmet Dalman and two other directors resigned.

Morgan Stanley left its role as broker shortly afterwards. The resignations mark the end of ENRC's relationship with a pair of banks that helped it float on the London market in 2007.

[leedskier] 10/5/2013 07:30

10 May 2013 | 07:27am
StockMarketWire.com - Moody's Investors Service has downgraded the deposit and senior debt ratings of Co-operative Bank to Ba3/Not Prime from A3/Prime 2.

The downgrade follows Moody's lowering of the bank's baseline credit assessment (BCA) to b1 from baa1. The equivalent standalone bank financial strength rating (BFSR) is now E+ from C- previously.

The lowering of the BCA reflects Moody's opinion that:

* the bank faces the risk of further substantial losses in its non-core portfolio, as demonstrated recently by the unexpectedly significant deterioration of its commercial real estate (CRE) exposures, that will exert downward pressure on capital ratios that are already low relative to its peers

* its vulnerability to losses is heightened by the low level of provisions held against its lending portfolio

* the bank's slow progress in realising merger-related revenue and cost benefits has diminished its ability to replenish capital through earnings.