Royal Bank Of Scotland Share Discussion Threads

[raffles the gentleman thug] 20/2/2018 16:37

It's all pretty irrelevant now and in any case backward looking and should have no relevance beyond a paltry couple of hundred million of incremental provisioning. Meanwhile the DoJ and steepening yield curve should be of far more relevance to shareholders

[polar fox] 20/2/2018 16:32

The FCA report has now been released by the Treasury Committee for anyone who wants to read it.

[chinese investor] 20/2/2018 16:32

m,
Nothing has been resolved.
There might be an interim payment in March.

[m1k3y1] 20/2/2018 16:30

Thanks CI
Haven't received anything as yet

[chinese investor] 20/2/2018 16:22

I'll read it in the morning !

[chinese investor] 20/2/2018 16:15

Update from Signature !

[smurfy2001] 20/2/2018 13:51

Departing HSBC chief Stuart Gulliver has signed off with mixed results for 2017, hitting several hard-fought targets but also coming in below analysts’ expectations on profits and revenues in the fourth quarter.

[ramco] 20/2/2018 10:36

so here we arrive at the clever bit Smurfy...as one would have thought that getting away with it was pretty clever the clever bit is that they have covered the next with bail in laws so there is no further ambiguity while getting away with the last heist...you have to admit that's clever...;

[smurfy2001] 20/2/2018 10:24

We're powerless to stop another crash, admits Bank of England governor Mark Carney

[ramco] 20/2/2018 10:15

Very ingenious trick is it not grahamite ? however although the shareholders lost out on potential gains on their investment it was taxpayers that the liabilities were dumped on...

How did that happen legislative cover...what happened to those that allowed it? well they got away with the spoils they must have received to do their part...so the top echelon of bankers (the normal cadre of bank personnel are normal taxpayers doing a job) and top echelon politicians that provided their cover get to party scot free with their enormous spoils.. while everyone else pays the price...extremely neat trick!!

[grahamite2] 20/2/2018 08:30

Even in the rare cases where any action is taken, nine times out of ten it is the bank (i.e. the unoffending shareholders) that gets punished rather than the culpable individuals.

[polar fox] 20/2/2018 07:37

How the wind is blowing this morning. From the Times:



Enough sermons on the RBS scandal, its victims deserve heads on spikes

It was my fault. I am sorry. I resign. Nine words yet to be heard from anyone connected with the misconduct at Royal Bank of Scotland’s turnaround unit. Actually, nine words rarely heard from any banking chief. Boy, would it be nice to hear them uttered by somebody, anybody, in this particular case.

The circumstances are now pretty well established. The official report into the saga at RBS’s Global Restructuring Group is freely available online. Today MPs will decide whether to give it parliamentary seal of approval and formally publish it.

From 2008 to 2013, the bankers in this division mistreated thousands of small and medium-sized business clients, gouging fees out of them at every turn and prioritising extracting cash over treating them fairly, let…

Want to read more?

[smurfy2001] 19/2/2018 22:25

I hope they don't release it just yet have a trade running lol

[polar fox] 19/2/2018 20:41

Ch4 did six minutes on the GRG tonight (at 7.40 for anyone who wants to watch a repeat), presented by Siobhan Kennedy. It wasn't pretty. She waved a full leak at the camera several times and said the Select Committee could release it in full as soon as tomorrow. Various names were mentioned, Hester, Bostock and some guy who was in charge of the GRG. She criticized Bailey at the FCA and his report last year. There was also an interview with a decent middle-aged lady, who suffered mightily at the hands of the GRG and she burst into tears telling her tale of woe.

All in all, if the full report comes out this week, on the eve of the Results, it ain't good background.

[cfc1] 19/2/2018 15:18

Leeds...do oyu have Lvl2 and is it worth it??

[cfc1] 19/2/2018 14:42

smurfs...yep....we need that damn fine sorted!

[smurfy2001] 19/2/2018 14:40

Share price very steady and boring

[grahamite2] 19/2/2018 14:20

For all Blair's faults he realised that better education meant more growth. He was proved right. During his years as PM there was both.

I could not disagree more. The colossal expansion of education to people who could not benefit from it is one of his worst legacies. The worst single aspect is that it is now such a vast industry it can no longer be financed through general taxation, with the result young folk are left crippled with debt for much of their lifetimes.

Now we live in an era of discord created in large measure by austerity. This austerity is dividing the nation. It will, as it always does, end very badly for the Tory Party.

What austerity? It never ceases to amaze me that intelligent people should fall for this narrative. The most we have achieved is some slowing down in the rate of increase in public spending. We are still spending like drunken sailors.

[leedskier] 19/2/2018 12:35

It is a fact that the UK spends 2.2% of its GDP (and is committed to increase that by inflation + 0.5% year on year) on defence which is about half its total spend on education. The forecast for education spending is for it to be cut in real terms going forward.

I come from a military family with three immediate members having served and a 4th at the cutting edge of the defence industry.

My concern is not so much about defence spending but any attempt to reduce education spending.

For all Blair's faults he realised that better education meant more growth. He was proved right. During his years as PM there was both.

Now we live in an era of discord created in large measure by austerity. This austerity is dividing the nation. It will, as it always does, end very badly for the Tory Party.

[grahamite2] 19/2/2018 11:06

The defence of the realm transcends financial considerations.

Those who beat their swords into ploughshares will plough for those who do not.

[grahamite2] 19/2/2018 11:03

maxk, philosophy and art history don't really belong on that list. Other than that, LOL!

Anyone involved with the degree in David Beckham studies should surely be prosecuted for fraud.