Royal Bank Of Scotland Share Discussion Threads

[maxk] 09/11/2016 07:24

Well, if blighty takes a leaf out of trumpo's book, and stops exporting jobs it would be a start.

[tfergi] 09/11/2016 07:17

Why good for GB? It's all pretty uncertain at the moment - I'm not sure even he knows his own clear strategy.It would be nice if it was good for GB

[gcom2] 09/11/2016 07:04

Rate rises are a cert now.

[gcom2] 09/11/2016 06:54

Trump in power will be good for Britain.

[polar fox] 09/11/2016 06:49

Trump not yet confirmed, but the DOW is now down about 640 and the FTSE about 240.

[leedskier] 09/11/2016 06:48

David Buik
‏@truemagic68
European opening update - FTSE -245, DAX -418 & CAC -183 at 6.25am - all about 4% lower! Predictable shake out!

[bigbigdave] 09/11/2016 06:44

England lose 3 wickets before lunch and promising debut for Hameed. Anything else happening? :o)

[maxk] 09/11/2016 06:18

Shock horror!

End of the world!

[polar fox] 09/11/2016 04:57

It's a different world - FTSE down over 300 already, DOW down approaching 800, gold up and oil down. Global panic stations.

[gcom2] 08/11/2016 19:15

cfc any chance you can ask your contact the exact amount already provisioned for the mbs fine? I called investor relations they wont help.

[gcom2] 08/11/2016 19:14

no just losing the plot here no alcohol needed

[cfc1] 08/11/2016 16:58

gcom2...are you on the sauce already?!

[gcom2] 08/11/2016 16:13

rbs leaves barc eating dirt on the final furlong

[leedskier] 08/11/2016 15:51

At least shares are rising.

[leedskier] 08/11/2016 15:07

US markets open and everything changes. Sterling reverses against both the USD and EURO. When the US goes short, it is unstoppable.

[cfc1] 08/11/2016 15:03

and still down (again) ......somewhere soon (I hope) there must be a floor!

[gcom2] 08/11/2016 14:47

rbs now got 1.5p over barclays

[cfc1] 08/11/2016 14:33

Leeds..if I knew that I would be rich? But sooner or later ALL the bad news must get priced in. Perhaps RBS is down at these prices as no idea when divi will come...supposed to be 2017 now nowhere.....CEO blaming the past EVERY year and EVERY opportunity...yet he's ok on his minimum of £2.7M/annum!!!!!

[leedskier] 08/11/2016 14:26

Do we think that the City is playing when it has the same share price for BARC and RBS ...183p.

[avatar333] 08/11/2016 14:07

LOL

;

[cfc1] 08/11/2016 14:04

well one damn day perhaps RBS share price will turn. Its a depressing read being an RBS share holder...we need something positive from this bank one day!!!
Still W&G disposal will be step one. The US DoJ....still waiting to see Deutsche bank fine.....

[gcom2] 08/11/2016 13:30

Surely investors have a right to know exactly how much has been provisioned to date specifically for the us mbs case.

[leedskier] 08/11/2016 13:26

This has been a recurrent problem since 2009. The bank has released details of the liabilities actual and putative on a "need to know" basis. If the bank's business customers adopted the same approach they would be kicked into the long grass.

[smurfy2001] 08/11/2016 13:09

Thanks Gcom, it's hard to find actual total provisions to date in the results.

[gcom2] 08/11/2016 13:05

Smurfy, its difficult to be sure as sometimes they set one provision for both civil and doj cases. The FX and PPI fines are now probably all dealt with.

Provisions I can see for the doj MBS case over the last 3 years are :

jan 2014 £1.9 billion for lawsuits and fines tied mostly to the sale of US$91 billion of mortgage-backed securities from 2005 to 2007

jan 2015 GBP 2.5 billion (altough some of this may have been for civil cases)

jan 2016 RBS said it would set aside an extra GBP1.5 billion to cover litigation surrounding the sale of toxic mortgage-backed securities in the 2007 banking crisis.

So, roughly £5.9bn since 2014 (although there were also provisions made before 2014)