Royal Bank Of Scotland Share Discussion Threads

[polar fox] 15/5/2017 13:42

Must read on the FT!

It's available in full via Google - enter "Treasuries probe shapes up as test...". RBS is a party. It is being said that the potential fallout could dwarf previous wrongdoing by major banks. Make sure you get a good idea of the potential seriousness.

[dope007] 15/5/2017 09:14

A pile of misses in the Chinese data over the weekend. In the old days China data mattered. In the new days it matters even more and ignorance of it is silly

[cfc1] 14/5/2017 17:31

Polar..in the business I'm in you better be an optimist otherwise its vvvv bad!

Anyway, whats your view of RBS share price over next 12months ??

[polar fox] 14/5/2017 08:50

You are an incorrigible optimist, cfc - always interested in losing a quick buck fooling around with RBS shares!

More seriously, it seems to me that the flightless Kiwi and his buddy Stevenson have shown themselves, in the past couple of years or so, to be more than willing to leak market-moving developments/news in order to 'manage' share price reaction. As the 'big stuff' progresses and moves towards resolution during the course of this year, I'm fully expecting them and/or the bank's US lawyers/representatives to leak whenever warranted by circumstances, therefore. You may find the overall situation evolves a little differently, compared with what happened with DB. But good luck with your plan!

[cfc1] 13/5/2017 14:17

Polar...good post (as usual). Well I will invest more WHEN the fine is initially announced as knowing the Yanks they will demand way too much initially, market will react and share price drop, then buy then market settles and price returns....exact same as what happened to DB.....
I still cant see another stock with so much upside out there right now with markets at all time highs....

[dope007] 12/5/2017 14:51

More poor data so everyone upgrades Apple with a made up price for the iphone 8 of $1000 and $1100 a phone!!! No way can they sell the same volume at that price or the guess is simply way to high to justify the market manipulating upgrades

[cfc1] 12/5/2017 11:22

we can only now wait for DoJ and offloading of W&G....that's it all else is good.

[gcom2] 12/5/2017 10:20

is that all, thought it was way more than that

[dope007] 12/5/2017 08:40

the combined balance sheets of just the FED and ECB surpassed $9 trillion!!!! That excludes the BOJ/SNB/BOE. We truely have entered the twighlight zone of monetary printing madness

[tfergi] 12/5/2017 07:57

Looks like RBS got a kicking at the AGM !

[polar fox] 12/5/2017 06:57

Overnight, the Senate pushed through completing the confirmation of Lighthizer as US Trade Representative, but this has resulted in the postponement of consideration of Jeffrey Rosen and Rachel Brand until Monday/Tuesday. It's how they do things! I think she'll be confirmed by Tuesday, always provided they don't get distracted by something else, of course.

[polar fox] 11/5/2017 15:26

From the RNS:

On Residential Mortgage Backed Securities, we await resolution of the US Department of Justice's investigation into securitisations we sold in 2007. I regret to say that on that I have nothing new to report. It is our strong intention to put this behind us during 2017, but the timing is out of our hands.

Unquote

Exactly. We have to hope that Rachel's confirmation this week goes ahead and that she then cracks the whip. Her in-tray must be measured in meters!

Not much else to comment on,IMO.

[cfc1] 10/5/2017 16:26

rbs not performing this week.. Had expected us to be further up this week....perhaps markets waiting on AGM tomorrow...but Barc and LLoyds well up this week and RBS down 5p this week.....

[dope007] 10/5/2017 12:07

FTSE +20. Lols

[polar fox] 10/5/2017 06:50

Despite all the political turmoil, caused by Trump suddenly firing Comey at the FBI, the Senate managed to confirm the new FDA Commissioner. Today another confirmation gets going, but it is not Rachel Brand. For whatever reason, she remains at the top of the pending confirmations list, but other folk are repeatedly being advanced ahead of her - she cannot take office until she is confirmed and the RBS fine falls within what would be her area of responsibilities at the DoJ.

With the AGM tomorrow, hopefully some sort of status comment/update will be given regarding the fine.

[polar fox] 08/5/2017 07:08

On Capitol Hill, nothing new to report on Rachel Brand. The Senate is scheduled to deal with a couple of other nominations today and tomorrow; meantime, she is like a wallflower. RBS management probably doesn't mind it dragging on like this for a while longer.

[maxk] 06/5/2017 20:54

$57.5 billion from 7 companies

$8.2 billion average spread across

Means nowt in the real world as it's politics, and that can go in any directon.


£6 billion = tank, then come back in a relief rally



And if anyone bets on the above, they're bigger mugs than I thought possible :-)

[smurfy2001] 06/5/2017 17:55

Fines to date.

Here's a breakdown of some of the biggest banks and their settlements with the Justice Department in the last few years, ordered from oldest to newest:



From: December 23, 2016

JP Morgan (JPM) - $13 billion (2013)
Citigroup (C) - $7 billion (2014)
Bank of America (BAC) - $16.7 billion (2014)
Goldman Sachs (GS) - $5.1 billion (2016)
Morgan Stanley (MS) - $3.2 billion (2016)
Deutsche Bank (DB) - $7.2 billion (this week)
Credit Suisse (CS) - $5.3 billion (this week)

How many billions(?) will RBS pay if fined? Will the stock tank when the fine is announced?

[gcom2] 05/5/2017 15:50

pound now $1.30 , i guess due to strong conservative local wins

[gcom2] 05/5/2017 11:49

I've always said I bought at 35p. Then sold 20% when it went under 30p, which I bought back at 18.5p. So I'd guess my avg is low 30's.

[smurfy2001] 05/5/2017 10:23

cfc1, who said i'm short?! I never short stocks, only index.

Might l add i'm the only person on this blog that ever declares the price purchased at. As i've already mentioned i'm long 333p in this dog of a stock. l do occasionally trade on the side.

But you have to be realistic when the MBS fine is declared and it's larger than already provisioned this stock will tank.