Royal Bank Of Scotland Share Discussion Threads

[isis] 12/8/2015 14:15

Why don't just refund everyone who took out an insurance policy ever their money back??

lol

[leedskier] 12/8/2015 14:05

Add to that, it is often overlooked how it was in 2008.The toxic balance sheet was £2.3 Trillion.HMG gave it £60 Billion just to provide it with liquidity to prevent a Lehman bankruptcy.Roll forward 7 years and RBS Investment Bank is shrinking rapidly and oversees assets are being sold off.At some point this slimmed down retail and commercial bank with a modest legacy investment bank, will start to make money and pay a modest dividend.In the meantime it is still in the naughty boys corner along with Barclays.This is why it is priced at less than 34p in old money.

[tfergi] 12/8/2015 13:56

Leeds,

Said article on TMF quotes £26 billion for PPI claims and potentially £33 billion for this commission thing...

This is across all banks, but even so a further amount of fines equating to more than what RBS has already paid (and not finished paying) for PPI is going to have a large impact?

[leedskier] 12/8/2015 13:50

tfergi,£100 million of so in extra fines is a drop in the bucket.For the market to sit up and take notice the total exposure including compensation would have to exceed 5x that.

[tfergi] 12/8/2015 13:32

Ok I have now read a second article on The Motley Fool this time about the possibility of more impending fines - larger than PPI based on the commission banks charged customers without advising them.

Apparently a ruling by the FSC is due soon.

I can't copy links on my iPad for some reason or I would post the links.

Strange how no one seems concerned about this on a bank thread?

Any one got any views?

Thanks

[avatar333] 12/8/2015 13:22

We can look forward to some decent photographs over the next couple of days.

;

[avatar333] 12/8/2015 13:21

Britain on FLOOD ALERT: Fierce thunderstorms to dump MONTHS worth of rain in next 36 HOURS

[avatar333] 12/8/2015 13:20

It must be summer! A MONTH'S rain will sweep Britain in two days on Thursday and Friday with floods and thunderstorms on the way

[leedskier] 12/8/2015 13:16

Will Corbyn propose closer ties to North Korea?North Korea vice-premier Choe Yong-gon 'executed' -

[dope007] 12/8/2015 11:48

The printing press

[leedskier] 12/8/2015 11:39

I do not know how the US manages to keep on making more money year on year.Incomes are flat.

[dope007] 12/8/2015 11:35

The USA are upset at everyone who doesn't do as they are told ;)

[leedskier] 12/8/2015 11:28

As I am taking time out to post ... let me add that I do not understand why China, which was running a pegged currency ... to the USD, is being viewed as being at risk because like the EURO and GBP is wants its currency to be more competitive.The EURO Zone and the UK are very important markets for China.Weakening its currency will help.The US are probably upset because it means less iPhone dales.

[dope007] 12/8/2015 11:26

You mean China is doing to its currency what Japan, USA, and EU started to be more precise Leeds ;)

Add Iran on the oil front now

In USA stock buybacks with debt have masked a real collapse in sales and profits. Payback is gonna hurt

[leedskier] 12/8/2015 11:21

The real problem with the FTSE100 is that unlike the DOW, it is not intended to be a representative cross section of the British economy but simply a list of the 100 most valuable companies listed in London.Inevitably that means it is heavy on global miners, oil companies and banks.

[leedskier] 12/8/2015 11:14

In point of fact the headline story this morning is that EU profits are rising on the back of cheap Euros.Dope this is currency warfare.China is doing with its currency what Saudi Arabia is doing with its oil.

[dope007] 12/8/2015 11:02

Are people still blindly buying the dip? Loads of trades wiped out on thiese China moves. Need to get the losses covered by selling stuff

The world economy is completely screwed and overloaded with totally unpayable debt. Greece is being given more debt although I like the way they describe it as more cash......

Commodities on the floor because the demand is not there, so why are stocks rising, as they constantly show falling profits and sales

[avatar333] 12/8/2015 09:38

Morning.

;

[jazza] 12/8/2015 09:35

I see the Economist is in the news.

Which links nicely to this article about the poor hedge-fund returns of late (chart #2)

[begorrah88] 12/8/2015 09:28

You'd have to wonder at what stage the FCA become obliged to look into the shenanigans on the UK markets and the machine driven trading.

The FTSE does not grow year on year even in a growing economy. The sensational scenario's that take the FTSE & Banks down fail to materialise [Euro collapse/Grexit etc] yet the markets don't recover the ground they lost and every global concern hits the UK like a seldgehammer.

What we currently have is a vehicle for taking money out of PI's & pension funds etc and passing it over to hedgies with machines.

Poor markets are perfectly understandable in grim times but we are, and have been for over a year, in a much more positive enviroment yet the 'practises' have carried on and now prevent any market growth by scalping stocks automatically each day.

Answering my own question - the FCA will look into it long after everything has hit the buffers and they they will look for a victim to blame further rather than tackle the hedgies.

[careful] 12/8/2015 08:58

the chinese devalue by a small amount.
the traders move in and everything collapses.
talk about a casino.
as if the devaluation makes that much difference.

..an excuse to go short, snouts in trough.
it is the traders that make(rig) the markets.

[leedskier] 12/8/2015 08:53

The only positive is that the FTSE100 has not fallen as fast as Australian wickets at Trent Bridge last week.

[leedskier] 12/8/2015 08:49

Glencore is off 5.6%.

[leedskier] 12/8/2015 08:48

6,542.06
-122.48 (-1.84%)