Royal Bank Of Scotland Share Discussion Threads

[leedskier] 24/10/2016 09:52

A consortium made up of private-equity firms and the Church of England has received at least £180m from Royal Bank of Scotland for backing the bailed-out bank’s aborted attempt to float off 300 branches on the stock market.

The Edinburgh-based bank, 73% owned by the taxpayer, has already admitted that the ill-fated attempt to carve out the 300 branches under the Williams & Glyn (W&G) brand has cost £1.5bn.

Documents filed at Companies House shed light on the sums paid by RBS to the consortium – which, as well as the Church of England, included Corsair Capital and Centerbridge – formed three years ago to participate in the flotation of W&G. In a complex deal, they put £600m into RBS through a bond, which was intended to be exchanged for shares when the new bank floated on the stock exchange.

RBS may reveal further costs associated with the troubled branch spinout when it publishes its third-quarter results on Friday, at the end of a week in which rival bailed-out bank Lloyds Banking Group also reports, along with Barclays.

[leedskier] 24/10/2016 09:27

FTSE 100 charges towards 7,100 and pound rises above $1.22 as eurozone economy expands at fastest rate this year

[leedskier] 24/10/2016 09:27

The irony is that the 3rd runway is supposed to help cement Britain as a leader in the globalisation.race.

Didn't the referendum result demonstrate Sunderland man's rejection of globalisation?

[maxk] 24/10/2016 09:06

I'm still having trouble getting my head around the prospect of a third runway at Heathrow.

Do tptb have no eyes in their heads? Have they ever visited the surrounding areas about this time of the morning?

[gcom2] 24/10/2016 09:06

Almost in his 5th year, achieved very little, pretty poor record.

[gcom2] 24/10/2016 08:54

It's time McEwan went. He's failed to sort out legacy issues, year after year after year with no progress.

[jungle jim] 24/10/2016 08:10

Trafalgar Day was the 21st.

[leedskier] 24/10/2016 08:07

News that `Hillary Clinton now has a double digit lead may be helping sentiment.

[leedskier] 24/10/2016 08:06

And now +0.5%

But it is BP. and the miners that are lifting it, not banks. They are weaker at the open.

[leedskier] 24/10/2016 08:02

FTSE100b up some 0.4%,

[leedskier] 24/10/2016 07:35

Today is Trafalgar Day.

[leedskier] 24/10/2016 06:40

clearly you did not read the article with the care it warranted.

[leedskier] 24/10/2016 06:39

IG European opening calls:

$FTSE 7046 +0.36%
$DAX 10742 +0.29%
$CAC 4549 +0.27%
$IBEX 9173 +0.80%
$MIB 17224 +0.33%"

[leedskier] 24/10/2016 06:27

FTSE +23, DAX +31, CAC +13 courtesy IG

[maxk] 23/10/2016 21:04

Is that the best you can do leeds?

Another scare story without a credible back up.

The thought of banks moving to €uroland (Frankfurt/Paris) with all the regulation that goes with it, is a remainer wet dream.

As for the passporting hare, well they seem to have no problems with the rest of the world.

[ball deap] 23/10/2016 18:04

Shaws67 it is for your benefit I a'shaw' you of that. I'm not fruiting up my positions, Have a good think why shorters are closing their positions, it's obvious!! But I did say to you from the start its up to you if you listen to my wisdom. Check out my last killer trades, Hsbc -long , Sky - short, barc- short

[tradejunkie2] 23/10/2016 12:53

Damn guys, sprayed the toilet.

[shaws67] 23/10/2016 12:45

Ball Deap23 Oct '16 - 00:15 - 144371 of 144379 0 0
Shaws67 I said to you ages and ages ago about your positions, its up to you if you don't listen to the wisdom I am kindly dispensing out of the good nature of my heart for you !!! then that's your problem.

I said too you the shares game needs time and effort, that you just can't learn from watching the X factor and secretly scratching a testicle in your left side pocket, yeh I know about the wart. I did say to you about that last trade you did!, now you are moaning??. Am I my brothers keeper? A matter of opinion... But I did say too you from the start.

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What a fiddler. kiddie.

Seriously, you are a bellend. Telling us which way the price will go after it's gone that way. prk.