Royal Bank Of Scotland Share Discussion Threads

[begorrah88] 07/10/2013 08:22

So the DOW closed up on Friday yet the FTSE is still way more worried about the yanks then they are themselves - pitiful.

[jazza] 07/10/2013 08:16

Anything to help the already better off..The top 10% earners in the US are taking in an all-time high slice of the income pie (about 50%) - I'd guess similar is happening here.Recession, weak recovery, whatever; they continue to grab all they can with grabbing hands.Everything counts, after all..

[leedskier] 07/10/2013 08:15

Now off 40 points!

[leedskier] 07/10/2013 08:04

FTSE100 off 27 points.

[leedskier] 07/10/2013 07:25

THE HEAD of one of Britain's leading business groups called for a flat tax yesterday, suggesting that it would benefit families whose marginal tax rates have been hiked by the loss of child benefit.

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Ironically, Osborne used to want to simplify the UK tax regime and move towards a single rate tax code above the personal allowance. Speaking as shadow chancellor, in 2005, he said: "I'm fully conscious we may not be able to introduce a pure flat tax, but we may be able to move towards simpler and flatter taxes." Flat taxes in countries that have adopted the system tend to range between 15 and 30 per cent above a generous personal allowance.

- See more at:

[leedskier] 07/10/2013 07:20

StockMarketWire.com - PRE-OPEN REPORT: The headline index is tipped to open modestly lower this morning, according to financial websites, taking a lead from weakness across Asian bourses on US default fears... US & ASIA In the US Friday, the Dow rose 77 points to 15,073, the Nasdaq added 34 points at 3,808 and the S&P500 gained 12 points at 1,691. In Asia today, the Nikkei was recently down 139 points at 13,885 and the Hang Seng off 169 points at 22,969. WTI crude oil traded at $103.84 a barrel and Brent crude at $109.46. Gold settled at $1,309 an ounce. LONDON MARKETS In a thin corporate diary today, final results are scheduled from Quadrise Fuels International and Waterman Group. A trading statement is expected from Carclo. City of London Investment Group, Mid Wynd International Investment Trust and Naibu Global International Company host their AGMs. Story provided by StockMarketWire.com - See more at:

[leedskier] 06/10/2013 22:02

Sunday October 06 2013


FT EXCLUSIVE

Osborne lays EU ground for any RBS split

George Osborne has sought clearance from Brussels to split Royal Bank of Scotland, should he decide to give the green light to the creation of a good and bad bank. The pre-emptive step aims to avoid stricter EU conditions on state support to banks and a £471,000 cap on executive pay

[speedy] 06/10/2013 12:50

WGUCD - "Just very select articles are worth a read."

True - sometimes it's all or nothing ...

[djgeru] 06/10/2013 08:13

New RBS boss admits 'fear', promises to repay debt

New Royal Bank of Scotland boss Ross McEwan today admitted to "trepidation" and "fear" as he started the job of returning the lender to a central role in the UK economy.


The 56-year-old New Zealander pledged to repay the taxpayer's support by doing "everything possible" to help the UK economy recover, and promised that RBS would increase lending.

In a speech to staff at the company's London offices McEwan, who previously ran RBS' retail banking operation, also signalled a new focus on customer service which he hopes will eventually allow the group to put its 2007 collapse behind it.

Addressing hundreds of employees, he said: "Taking up the role at this 300-year-old institution that has had such a hugely proud history, I take the job on with a high level of trepidation and slight levels of fear, but also absolute delight at being you chief executive."

The role, which comes with a salary of £1 million a year plus £350,000 in lieu of a pension, is seen as one of the toughest corporate jobs around.

McEwan faces the challenge of preparing the bank, 80 per cent state owned following its taxpayer rescue during the banking crisis, to private hands. Its progress to this goal is some way behind rival Lloyds, whose government stake has already begun to be sold off.

His predecessor Stephen Hester's departure was said to have come about after he came under pressure from Chancellor George Osborne over the scale and pace of RBS's investment banking restructure.

McEwan today praised Hester's "remarkable achievement" in putting the bank back on a stable footing following the financial crisis.

The new chief revealed that his decision to join struggling RBS from an Australian bank had been motivated by his desire to work with Hester, who is said to have left "with a very big smile on his face" after wishing his successor well.

RBS chairman Sir Philip Hampton today appeared to draw a distinction with the risky practices of the bank's investment arm which took it to the brink, describing McEwan as a "customer banker through and through".

The message was reinforced in McEwan's speech as he highlighted the need to put customers, both individuals and businesses, at the heart of the operation – and he admitted that the bank's systems needed to improve to allow that.

"We exist because of the customers we serve and we should never forget that," he said.

He added: "It's clear to me that we have a greater obligation than any other bank to build a business that supports its customers.

"We were saved by the Government five years ago because of how important we are to the everyday economy of the UK.

"I want RBS to stand firmly behind its customers with the explicit goal of helping them succeed. That includes an increase in our lending. We must do everything possible to support the recovery and future growth of the UK."

[whatgoesupcomesdown] 05/10/2013 16:56

Speedy. So many snotty passing comments really don't stand to scrutiny, ZeroHedge might have some value if you believe the world's against you and corruption and lies around every corner. Else I think it's just too much. Do you read all that stuff?Just very select articles are worth a read.

[speedy] 05/10/2013 13:34

Ramco yr 115406 - have you a link re new bond issuance (or aversion) by BoJ?
I like to read these things in context.

ADD: weekly deluge follows ...

[leedskier] 05/10/2013 12:59

Yes. It has done well and with the close down of off shore production during the hurricane season, and a deal on the ceiling, it may do better.

[ramco] 05/10/2013 11:52

Goldman, Apollo among bidders for Lloyds' Dublin assets
The asking price for the so-called Ulysses portfolio of 25 Dublin properties is $191M. Along with Goldman (GS), and Apollo (APO) reportedly submitting bids are Lone Star Funds and Irish brokerage Davy. The properties include the Justice Ministry's headquarters, office buildings, stores, and apartments.Lloyds (LYG) seized most of the Ulysses properties from bubble-time developer Liam Carroll. The bank is selling into a still-depressed market for non-economic reasons (investors and regulators want non-core assets spun off), meaning the buyers will likely be getting themselves a decent deal

[ramco] 05/10/2013 11:51

Berkshire cashes in another crisis-era investment
Candy-making giant Mars confirms it repurchased from Berkshire Hathaway (BRK.A, BRK.B) $4.4B in bonds it sold to the House of Buffett in 2008 to help finance its mammoth purchase of Wrigley. Berkshire reportedly sold the paper back at 115.45% of face value, giving it a profit of about $680M (not including the interest it's received).Berkshire retains a $2.1B preferred stock stake in Wrigley.
Add the Mars deal to Goldman, BofA, GE and other profitable maneuvers the cash-rich Berkshire and its opportunistic chief were able to pull off amid the financial crisis.

[ramco] 05/10/2013 11:50

Railway traffic strong in September
The Association of American Railroads reports total U.S. rail traffic rose 4.4% in SeptemberThe most important takeaway from the monthly report was that rail traffic excluding coal and grain rose 4.9% to mark the best monthly performance by the category since December 2012.
While economists use railroad traffic trends to makes assessments on the broader economy, investors in railroad stock will hope the trend can survive the government shutdown and debt ceiling debate.

[ramco] 05/10/2013 11:49

More Than 5,000 Stockbrokers From Expelled Firms Still Selling Securities
Many Brokers Migrate Between Firms Expelled By Regulators.

Regulators expelled the first brokerage firm where Kenneth Dwyer sold securities. They did the same to his third, fourth, seventh and eighth. His 10th closed in June after regulators accused it of fraud.

The expelled and defunct firms where Mr. Dwyer worked have left thousands of investors with alleged losses and estimated unpaid claims totaling more than $85 million, according to court documents and lawyers.

Mr. Dwyer is one of more than 5,000 brokers who were still licensed to sell securities earlier this year after working for one or more firms that regulators expelled between 2005 and 2012.

[ramco] 05/10/2013 11:47

The numbers don't lie: Food and restaurant IPOs rocking this year
Restaurant chains in the U.S. have struggled to keep same-store sales growth over the 25 level and food companies have seen margins pinched, but new faces in the sector have done amazingly well.
Potbelly (PBPB) is up 135% over its IPO opening price today.Noodles (NDLS) maintained an even keel since its first couple of weeks of trading, up 139% post-IPO.Fairway (FWM) is the laggard of the bunch, trading at a 95% premium to the food seller's IPO price.

[ramco] 05/10/2013 11:46

BP shutting in all Gulf production ahead of tropical storm
As Gulf coast states prepare for the advance of tropical storm Karen, BP says it is shutting in all of its oil and natural gas production in the deepwater Gulf of Mexico, and Anadarko (APC) says it has removed all workers and shut in all production at its eastern Gulf facilities.Last year, BP produced 214K bbl/day from the Gulf, making it the largest producer in the region.
Shell (RDS.A, RDS.B), Exxon (XOM), Chevron (CVX), Marathon Oil (MRO) and Murphy Oil (MUR) are all removing non-essential workers from their offshore facilities.Seven major refineries with a combined capacity of 1.8M bbl/day - ~10% of the U.S. total - are in Karen's path; Phillips 66 (PSX) and Valero (VLO) say they're continuing to monitor the storm's progress.Crude oil price gains remain subdued, as WTI +0.2% to $103.50/bbl and Brent +0.1% to $109.07.

[ramco] 05/10/2013 11:46

Lockheed Martin announces impact of government shutdown
Lockheed Martin (LMT -0.4%) says ~3K employees will be furloughed on Monday due to the government shutdown."The number of employees affected is expected to increase weekly in the event of a prolonged shutdown," the company notes. (PR)United Technologies made similar comments Wednesday.