Royal Bank Of Scotland Share Discussion Threads

[leedskier] 28/9/2016 07:09

The Royal Bank of Scotland Group plc (RBS Group) has reached a final settlement with the National Credit Union Administration Board to resolve two outstanding civil lawsuits for US$ 1.1 billion (GBP846 million). The settlements, involving its subsidiary RBS Securities Inc., relate to the two residential mortgage-backed securities (RMBS) cases (asserting claims on behalf of US Central Federal Credit Union and Western Corporate Federal Credit Union), most recently disclosed in RBS's 2016 Interim Results Announcement ("2016 Interim Results"). The settlement amount is substantially covered by existing provisions as of 30 June 2016 and will have no material impact on the RBS Group's CET1 ratio.

[leedskier] 28/9/2016 06:58

I guess another DB moment today!

[leedskier] 28/9/2016 06:47

GSquawk ‏@IGSquawk 7m 7 minutes ago
Our European opening calls:

$FTSE 6810 +0.04%
$DAX 10382 +0.20%
$CAC 4403 +0.10%
$IBEX 8690 +0.01%
$MIB 16150 +0.10%"

[leedskier] 28/9/2016 06:00

David Buik tweets

European bourses have a rather tentative & neurotic feel to this morning's opening - FTSE +12, DAX +35, CAC +15 courtesy of IG at 5.55am

[leedskier] 27/9/2016 15:39

Back to London house prices Bloomberg - Brexit Bulletin: It's Time to Talk About London Housing

[gcom2] 27/9/2016 14:25

which was all legalised by the US SEC raising the net capital rule allowing 12x more leverage than before. its f'ing scandalous that these fines now threaten economies, there were probably under 100 people per bank who caused this, who faced no fines and no jail. they probably just work at a different bank now.

[careful] 27/9/2016 13:20

the Americans have fined DB for dealing in American MBS products.
They were rated by American rating agencies.
And people expect Angela Merkel to effectively pay this outrageous stealth tax.

[leedskier] 27/9/2016 12:52

Of course. And the City being a private member's club, will be all doing it.

[cfc1] 27/9/2016 12:50

not that any of us know what the actual DB fine will be!!!! just v clever market players making a bucket on it!

[leedskier] 27/9/2016 12:40

Commentary in the Guardian



Royal Bank of Scotland actually surpassed Deutsche Bank’s morning drop, percentage-wise at least, with investors fearful that the same kind of fine could hit RBS when its settlement with the US Department of Justice is finally revealed.

Last Updated: 12:01
43m ago

[leedskier] 27/9/2016 12:22

I am beginning to think that shorting RBS is the Brexit hedge of choice.

[jotoha2] 27/9/2016 12:20

Keep it short , its worth 50p, just look at the crooks who ran HBOS , brown envelopes and call girls , all part of the perks of being a Banker .

[cfc1] 27/9/2016 12:01

unbelievable price for RBS.....

[leedskier] 27/9/2016 11:30

Could be this too

[tfergi] 27/9/2016 11:26

Are RBS really as bad as DB??I guess the level of fine will provide some clarity.I read that this wasn't even being addressed until 2017 by the US?

[leedskier] 27/9/2016 11:23

Bloomberg - Deutsche Bank Returns to Haunt Merkel in an Election Year

[leedskier] 27/9/2016 11:20

Banks are being creamed now. Both this and DB are down more than 3%.

[leedskier] 27/9/2016 11:13

Bloomberg - Ryanair CEO Says Brexit Set to Weigh on Profit for Four Years

[leedskier] 27/9/2016 11:11

RBS was being forced to sell W&G because it received Treasury assistance. What would DB sell off?

[leedskier] 27/9/2016 11:09

It would cut across everything he has forced on other EURO members for 5 years. How would it be done?Loan?Government taking a stake?

[maxk] 27/9/2016 11:06

Needs must leeds...

No doubt they are constructing a suitable go-around...what is the alternative?

[gcom2] 27/9/2016 10:59

at least geroge soros is doing ok $100m in profit on his DB short