Royal Bank Of Scotland Share Discussion Threads

[leedskier] 02/7/2017 17:11

Theresa May’s proposal to protect the rights of EU citizens after Brexit is so poor, it will badly damage the rights of Britons living in Europe, campaign groups have told the European commission.

In an official response to the EU Brexit negotiating team, British in Europe and the3million have said that if May’s proposal is adopted it would represent a “severe reduction of the current rights” enjoyed by Britons in Europe.

Last week they expressed fears that Britons would be the “sacrifical lambs” in the Conservatives’ mission to reduce immigration.

The groups say May’s offer looks to curtail citizens’ rights to pensions and to move around the EU to work. They say that, if adopted, the UK proposal would also prevent them from returning to Britain for work or retirement with their EU spouses or to have an elderly parent move in with them in Europe.

[chiefbrody] 02/7/2017 10:21

Lol. They won't let it fail this time.Even if all else does (has).

[chinese investor] 02/7/2017 09:56

This is what I wrote to the Action Group last week :-

"Thank you for your latest letter which was, in the main, concerning the settlement.

I trust I'm not the only member who gasped at the projected cost for solicitors, barrister, administrators and "after the event" insurance.

We are talking of a figure around £100 million for a settlement of £200 million.

I don't think I'll be the only member who will want details of the costs - I expect they'll be a good chance we'll be challenging them !

Did you ever think of approaching your 27,000 members to pay for the cost of the "after the event" insurance with the possibility (no let's face it the near certainty) of multiplying their outlay by four or five fold ?

And have I read this correctly ?

The 27,000 members became 9,000 members around the time of the 43.15p offer.
Were the 18,000 settlers all non "Retail Members" who weren't bound by the "collective authority to settle" ?

When Mr Justice Hildyard told you that we claimants had not been informed of potential liabilities, you still didn't inform us in simple English - all you did was copy and paste what the judge had written which was in "legalese".

A large proportion of the the huge amount of the preparation that RBS had done should have been eradicated when the "Insiders" settled for 41p last December and we should not have had take out insurance to cover it.

Their settlement was £800 million - I wonder what their costs were !

Us PIs have been stitched up again !

I expect the media will do a piece on all this soon and then the truth with come out then."

[chinese investor] 02/7/2017 09:52

Royal Bank of Scotland shareholders who last month won a £200m out-of-court settlement over the bank’s 2008 rights issue are considering legal action against the law firm that represented them.

The RBS Shareholder Action Group, which represents about 9,000 investors, has sought legal advice on whether it can sue its legal adviser, Signature Litigation, or report the firm to the Solicitors Regulation Authority for what it claims were conflicts of interest in the case.

The latest twist in the legal saga comes after the shareholder group won an 82p-per-share settlement with the Edinburgh lender — more than twice the amount awarded to large City institutions that settled with the bank late last year.

An insider at the group said: “There’s been a feeling for a long time within the group that our legal advisers were more concerned about the third-party funders who were covering our legal costs, rather than the claimants. We’re awaiting advice on how we proceed but we believe there was a conflict of interest that needs to be examined and publicly aired.”

The shareholders’ legal costs in the case were running at about £20m earlier this year. They were paid through third-party litigation funder Hunnewell, whom Signature Litigation introduced to the shareholder group, and Trevor Hemmings, the owner of Preston North End football club, a long-standing claimant in the case.

[right honorable lord lucan] 02/7/2017 09:46

cfc1 "or some news i haven't heard about"

Yes ........

Britain 'is on the brink of the worst house price collapse since 1990s': Experts predict property costs could plunge by FORTY PER CENT

[leedskier] 02/7/2017 07:15

When I studied economic history the early years of the 20th century -- a decade before WW1, were said to mark the end of Britain's domination of global trade.

The difference between 1904 and 2004, (by when Britain had regained much of its economic prosperity == not through trade of goods, but financial services) is that the prosperity was shared more equally.

The years of austerity and book balancing since 2010 in an economy no longer fuelled by powerful global investment banks, have deeply divided Britain. The referendum and recent election demonstrate just how deep and wide those divisions are.

Theresa May lacks the skill set to glue it all back together.

The Opinion Poll published in today's Observer shows all too clearly the urgent need for new leadership. That she still remains in office reflects not so much the division within the country but within the elected members of the conservative party.

The right wing of the party support her because they fear that if Philip Hammond replaces her, there will either be no brexit or brexit light. The left wing of the party are content to bide their time in the certain knowledge that it will get worse before it gets better. Phil Hammond knows that if the Treasury refuses to agree to the easing of austerity or has to increase taxes, she will take the hit not him.

But even the standard bearers of the right wing, including David Davis, are becoming frustrated by her obduracy in refusing to balance what may be desirable in the bid for freedom from EU regulation and what is economically essential to stave off the risk of Britain's economy spiralling out of control.

David Davis sees leaving the EU as a 'symbolic act', Theresa May sees it an opportunity to erect barbed wire along the coast of Britain.

David Davis cares not a fig about EU workers migrating to Britain to work as waitresses, nurses and fruit pickers. For him the net flow of migration is irrelevant.

For Theresa May it is all about control of Britain's borders. Her years of indoctrination at the Home Office have left their mark.

She seems to have lost sight of the fact that we are here for a fun time not a long time. Perhaps she too should have chilled out the Glastonbury Festival.

[leedskier] 30/6/2017 17:24

The average Cable rate since the GFC is circa $1.50.

If the £ recovers to that sort of level, the FTSE100 could shed 10%, as the $ earners crash.

[leedskier] 30/6/2017 17:03

The market is playing second fiddle to the Cable rate. £ falls -- index rises. £ rises -- index falls.

[careful] 30/6/2017 16:46

My instinct tells me the second half of the year could result in a pull back.
FTSE100 up just over 2% for the first half.

[careful] 30/6/2017 16:44

never saw so many shiny new cars.
used to be a status sign of economic success.
but now they are nearly all leased, no-one owns a car anymore.

I will hang on to my old Merc.
if I had new one people would think I was poor.

[leedskier] 30/6/2017 16:38

The Index has fallen this afternoon.

The only related news I saw was that UK private savings are at a 50 year record low -- I assume that is as a percentage of household income.

Lower savings mean lower bank deposits.

[cfc1] 30/6/2017 16:30

wtf - down nearly 6p and below resistance ...is this just fri usual pm or some news I don't know about?

[mondaytuesday] 30/6/2017 15:36

Try it after having a curry.

[leedskier] 30/6/2017 11:47

Should we assume that methodology works for you mondaytuesday?

[right honorable lord lucan] 30/6/2017 07:42

EJ. Licking a finger and sticking it out of the window would have saved you writing all that.

[smurfy2001] 29/6/2017 21:45

Erogenous Jones,

Welcome aboard. What's your exit target here?

[ianood] 29/6/2017 15:01

And RBS aren't? The clue's in the name :)

[dope007] 29/6/2017 15:00

And a bunch of crooks

[ianood] 29/6/2017 14:54

Do a bit of research in to HSBC and all will be revealed!
No Govt bail our in 2007/8
Recent disposal in Brazil
Excess capital in US

[gcom2] 29/6/2017 12:30

You say HSBC has good management so I ask why was it 450p last year then,perhaps the market got it wrong.