Royal Bank Of Scotland Share Discussion Threads

[blusteradjuster] 25/10/2017 14:50

US bond yields perhaps breaking higher, oil prices too.

That’s not good for equities imo.

Wile E Coyote is over the cliff edge pedalling on thin air..

[blusteradjuster] 25/10/2017 14:49

Not keen on MPs calling Carney an “enemy”.

BoE independence is a good thing - we don’t need it being a political football.

That didn’t work well for RBS did it?

[leedskier] 25/10/2017 14:38

Someone has provided the complete answer as to why David davis was described as thick as mince.

This morning Davis told the Select Committee - I watched it - that if a deal is not struck with the EU until the last minute before the brexit date, Parliament may not get chance to vote on it until after Britain leaves the EU.

As pointed out by someone rather more in touch with the rules in play, any brexit deal will require a full vote of the European Parliament to take effect. If the EU Parliament will have time to assemble and vote surely the UK Parliament will.

Of course if Davis is covering the situation of no deal being struck and of the UK crashing out, the question arises as to whether the UK Parliament will have sanctioned such course ahead of the dead line date.

Either way there will be a vote ahead of the deadline date.

[leedskier] 25/10/2017 14:24

Well if they behave properly they will not get fined.

[gcom2] 25/10/2017 13:53

only problem is is that bank profits are now expected to get distributed back into the economy as fines

[smurfy2001] 25/10/2017 12:29

So RBS is making what £1bn per quarter average. Lloyds is £2.2bn per quarter average. As the interest rates rise profits will be obscene.

[scamper] 25/10/2017 11:10

StockMarketWire | Mon, 23rd October 2017 - 09:30
Deutsche Bank today reaffirms its hold investment rating on Royal Bank of Scotland Group (The) PLC (LON:RBS) and raised its price target to 300p (from 269p).

[leedskier] 25/10/2017 11:03

maxk


Jacob Rees-Mogg has been at the committee, Radio 5 Live has been broadcasting an interview he conducted with Emma Barnett. In it he described the governor of the Bank of England, Mark Carney, as an “enemy” of Brexit.

[leedskier] 25/10/2017 10:55

The traders having covered LLOY rises ...67.65 +0.25 (0.37%)

[leedskier] 25/10/2017 10:41

May be the rate rise will spook.


British consumers are being put on notice for a rate hike from next week, as official figures show the economy expanding faster than anticipated in the three months to September.

GDP grew by 0.4% in the third quarter of 2017 following expansion of 0.3% in the three months to June, according to the Office for National Statistics. City economists had forecast growth of 0.3%.

[leedskier] 25/10/2017 10:37

7,497.51 -29.03 (-0.39%)

[leedskier] 25/10/2017 10:35

UK stocks opened flat on Wednesday as Brexit uncertainty lingered and investors sold Lloyds Banking Group following a third-quarter profit update.

At 0858 GMT, the benchmark FTSE 100 index was up 0.31 points at 7,526.85.

Lloyds fell 1.6% after announcing that it more than doubled third-quarter profit, though much of the rise was attributed to lower provisions to cover claims for mis-sold payment protection insurance.

Third-quarter underlying earnings rose by 9% to £2.08 billion.

[leedskier] 25/10/2017 10:32

maxk the difference is that the Labour Party are not in Government.

[leedskier] 25/10/2017 10:30

MARKETS


There are indications that London thinks that NY is about to run out of steam.

1. Selling on the news and I do not just refer to LLOY.

2. Three reasonably successful O&G small caps raising money this week on a 'just in case' basis.

3. The FTSE100 showing signs of breaking down (ditto the S&P500 this week).

The acid test may be the market's reaction to RBS's numbers tomorrow.

[maxk] 25/10/2017 09:05

Comment re Bloomer from across the road..


iturama - 25 Oct 2017 08:39 - 7976 of 7977

Well, as Mandy Rice Davies more famously remarked " he would say that wouldn't he?"
It is in his interest but not ours.

[leedskier] 25/10/2017 08:52

One should expect that the bigger the sums, the bigger the punishment.

HSBC Holdings Plc’s former head of currency trading in London made at least $500,000 in commissions by front-running a multi-billion-dollar deal that betrayed the bank’s duty to its client, according to U.S. prosecutors.

[leedskier] 25/10/2017 08:40

It is a private members' club.

The chaps decide over lunch yesterday to short LLOY just in case.

The numbers justify a rise in the share price

But pause one. The chaps have to close their shorts first. No problem, the traders will keep the price depressed to enable club members to cover before it is pushed up..

[grahamite2] 25/10/2017 08:29

Totally normal for the share price to go down on good results, as with Lloyds. I've never understood it but I've seen it a hundred times.

[leedskier] 25/10/2017 08:21

Going back to the story -- which is said to be a landmark case involving the senior HSBC fx trader being convicted in NY of currency manipulation on Cable by front running for the bank's profit a $3.5 bn currency conversion for a British oil company Cairn, there has been quite a lot of commentary.

One comment in particular was of interest and aimed (pun intended) at market makers. The comment was that there is a difference between MM hedging (which is legal) and MM manipulating prices to enable prop trading ((which is not).

I am waiting for the first whistle blower in this sector. I suspect I may have to wait a long time though.

[leedskier] 25/10/2017 08:14

I can imagine ... inbred communities ;)



Meanwhile, though I have not looked at them, the headline news today is that LLOY puts out decent numbers.



And the reaction by the market?

65.85 -1.55 (-2.30%)

[blusteradjuster] 25/10/2017 07:48

Heaton-Harris was defended by Andrea “we need patriotic news reporting” Leadsom.

Along with Peter Bone, the politics is creepy in that part of Northamptonshire.

[leedskier] 25/10/2017 07:39

HSDBC's fx trader convicted of front running ahead of ,converting USD to GBP. Another Brit faces extradition from the UK for the same offence.


Lananh Nguyen from Bloomberg News, discusses the jury verdict in the case against Mark Johnson, a former London-based currency trader at HSBC Holdings, who has been convicted of manipulating the foreign exchange market. She speaks with Bloomberg’s June Grasso on Bloomberg Radio’s Bloomberg Law.

[leedskier] 25/10/2017 07:25

David Buik‏
@truemagic68

European opening calls update courtesy of CMC MARKETS - FTSE -12 at 7,514, DAX -2 at 13,011, CAC40 unchanged at 5,395, IBEX -10 at 10,195