Royal Bank Of Scotland Share Discussion Threads

[leedskier] 29/3/2017 09:44

£3bn, or 11% of Lloyd’s premiums, comes from continental Europe.

So I guess it is important that that business is not lost, but to whom would it lose it?

I doubt there is any European Insurer able or willing to take on the risks Lloyds of London underwrites.

[leedskier] 29/3/2017 09:35

Lloyd's of London moving EU business to Brussels after Article 50 triggered, according to reports

[avatar333] 29/3/2017 09:08

Morning.

;

[leedskier] 29/3/2017 07:46

Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.


Sir Winston Churchill, Speech in November 1942 after the the Battle of El Alamein.

[leedskier] 29/3/2017 07:10

After the recovery of the £ against the € and $ on Monday, and on Tuesday morning, it fell heavily when New York opened and has fallen steadily since.

[chinese investor] 29/3/2017 07:07

Royal Bank of Scotland (RBS) has offered to pay millions of pounds more to shareholders suing it over the 2008 rights issue which preceded its collapse into government control,

Sky News reported citing unnamed sources.

Lawyers acting for the bank have in the last fortnight proposed a 43.5p-per-share settlement with the RBoS Shareholder Action Group - the last-remaining claimant seeking redress over its £12bn cash call, the report added.

The proposal would represent an increased cost to RBS of several million pounds, according to analysts - and is marginally higher than the 41.5p-per-share settlement reached by the bank with four other claimant groups in recent months.

One source cited in the report suggested that the improvement of the settlement offer by 2p-per-share was designed to cover the Action Group's higher legal fees since the resolution of the earlier claims.

Sky News revealed earlier this month that RBS had accelerated talks about a legal settlement with the Action Group, which counts 27,000 former RBS shareholders among its members.

The judge overseeing the case has asked the remaining claimants to disclose further details of their funding amid concerns that they would be unable to cover legal expenses if they lose the case.

Former chief executive Fred Goodwin, along with Sir Tom McKillop, the former RBS chairman, are named alongside the state-backed bank as defendants in the case.

RBS had to be propped up with £45.5bn of taxpayer cash to stop it from collapse.

The government still holds more than 70% of the bank.

[leedskier] 29/3/2017 06:25

David Buik‏
@truemagic68


European opening calls update courtesy of CMC MARKETS at 6.04am - FTSE +23, DAX +33, CAC +17

[gcom2] 28/3/2017 22:13

millions of em

[gcom2] 28/3/2017 22:13

why does nicola hate england and wales so much? Watching the tv news this evening everybody is scottish, presenters, reporters and of course the news itself.

[leedskier] 28/3/2017 19:26

Resurgent US Indices and USD buoyed up by high consumer confidence reading.

[polar fox] 28/3/2017 15:03

Would be quite interesting to see FtS in the box while the AGM is being held!

[leedskier] 28/3/2017 14:26

I cannot see Goodwin offering himself up for cross-examination.

[polar fox] 28/3/2017 14:15

Inching forward - at a price:

Quote

Royal Bank of Scotland (RBS) has offered to pay millions of pounds more to shareholders suing it over the 2008 rights issue which preceded its collapse into Government control.

Sky News has learnt that lawyers acting for the bank have in the last fortnight proposed a 43.5p-per-share settlement with the RBoS Shareholder Action Group - the last-remaining claimant seeking redress over its £12bn cash call.

The proposal would represent an increased cost to RBS of several million pounds, according to analysts - and is marginally higher than the 41.5p-per-share settlement reached by the bank with four other claimant groups in recent months.

One source suggested that the improvement of the settlement offer by 2p-per-share was designed to cover the Action Group's higher legal fees since the resolution of the earlier claims.

Talk of a higher settlement offer worth 50p-per-share was dismissed by people close to the talks.

Insiders said on Tuesday that the RBoS Shareholder Action Group had rejected the 43.5p-per-share offer, with many of its members determined to see the case through to a trial scheduled to start in May.

If it does get that far, it would almost certainly involve Fred Goodwin, RBS's chief executive at the time of the rights issue, giving evidence in court.

Unquote

[leedskier] 28/3/2017 14:10

How can the UK benefit in full from existing rights to EU access for the purposes of trade and financial services, but effectively hard brexit from tomorrow on the rights of EU workers who arrive after that date but prior to the UK leaving the EU?

No wonder the EU is threatening to take the UK to the ECJ over that.

Either the Britain is technically still part of the EU on Thursday or it is not. what it cannot do is pick & mix on rights and obligations between tomorrow and the date it leaves.

[avatar333] 28/3/2017 09:11

Morning.

;

[leedskier] 28/3/2017 08:43

I have never ever invested in it, nor may never do so, but for those 'backing Britain' SIRIUS MINERALS [SXX] is joining the main market in late April.

One strictly for those with a long time line, and looking for long term growth, but it is currently as cheap as chips.

[maxk] 28/3/2017 07:56

Article here:

[tfergi] 28/3/2017 07:25

Tesco fines 129m for the accounting scandal can't work out if that is good or bad?

[leedskier] 28/3/2017 06:53

India wins the series against Australia.

Which means .,..

India's last Test series v all teams:

Aus - Won
Ban - Won
Eng - Won
NZ - Won
Pak - Won
SL - Won
SA - Won
WI - Won
Zim - Won

[leedskier] 28/3/2017 06:45

David Buik‏
@truemagic68


Despite a neutral session in NY, Europe looks to put its best foot forward at opening - FTSE +23, DAX +60, CAC +19 courtesy of CMC MARKETS

[leedskier] 27/3/2017 21:13

One of Barclays Capital Research's 'greatest conviction' now lies in the pound where Barclays expects the triggering of Article 50 on Wednesday to initiate a strong rebound in GBP from historical undervaluation as ambiguity over Brexit recedes.

"While the event itself has been widely broadcast and the GBP response is likely to be limited, we expect this regime shift to initiate a “sell the rumor, buy the fact” rebound in sterling over the coming weeks and months," Barclays argues.

Barclays's rationale is that sterling’s exchange value has been depressed to historic low, and any shrouding of the Brexit fog is likely to trigger a confluence of short-term factors to accelerate a rebound in the currency.

In terms of GBP near-term dynamics on the immediate aftermath of PM May’s letter, Barclays notes that the President of the European Council Donald Tusk will present the initial Brexit guidelines to the EU27.

In line with this view, Barclays targets GBP/USD at 1.30, 1.31, and 1.32 by the end of Q2, Q3, and Q4 respectively.

GBP/USD is trading circa 1.2565 as of writing.

Source: Barclays Research