Royal Bank Of Scotland Share Discussion Threads

[smurfy2001] 05/3/2018 15:11

What will the government target price be to start reducing is going to be key certainly not going to be selling at such silly prices.

The stock hasn't moved ANYWHERE!

[raffles the gentleman thug] 05/3/2018 13:01

Show me something the market does care for smurfy ??

[tfergi] 05/3/2018 12:23

Yeah the fine in millions would be nice

[maxk] 05/3/2018 12:05

Whats the odd $999m between friends?

[smurfy2001] 05/3/2018 11:47

Funny how people mix up millions and billions

[tfergi] 05/3/2018 11:39

Reduce by half, 7.5m dollars - £5m Job done with the 4.2 rbs have set and pay rest off over a couple of years.Be nice wouldn't it

[polar fox] 05/3/2018 08:25

"RBS likely to foot a bill of nearly $13bn to settle legacy mortgage issue"

Google has an article by a US organization called Trefis, headquartered in Boston, that I've never heard of. You have to register to read it, no thanks. So I'm posting this merely to show that at least one analysis is being pitched above the sort of $10bn level being kicked around. There's probably going to be a lot of this speculative stuff in the weeks ahead, to put it mildly.

Quietish start today, but not too bad considering the various headwinds.

[leedskier] 05/3/2018 07:26

David Buik
‏@truemagic68

CORE SPREADS - with DOW futures indicating -125 points at the opening, this morning’s European calls looking a little softer at 7.08am - FTSE +10

[leedskier] 05/3/2018 07:25

smurfy that is a shocking story.

[leedskier] 05/3/2018 06:19

David Buik
‏
@truemagic68

CORE SPREADS - European opening calls suggest politics will play matinee idol’s role - Italian voters swing right with suggested anti-EU focus. Merkel re-elected. China’s Xi tenure extended - FTSE +31at 7100, DAX +36 at 11949, CAC +20 at 5156 :MIB -325 at 21621

[smurfy2001] 04/3/2018 11:07

It will get hammered at those level.

[barmiddleton] 04/3/2018 09:58

Cheers CI, good work. I'm glad the Mail on Sunday is on the case.

[m1k3y1] 04/3/2018 09:33

Link for anyone who wants to read it ;

[m1k3y1] 04/3/2018 09:22

Thanks CI
The sooner there is an official Investigation the better !

[raffles the gentleman thug] 04/3/2018 07:17

Again whatever the DoJ sets it’s fine at is not the same as the level settled, as we saw with the $14bn demand from Deutsche Bank and the $7.2bn settlement three months later.


The initial demand is always negotiated lower, principally because the Claimant will always have to show pragmatism and recognise the litigation costs and time delays involved in making appeals etc.


For me something around $10bn as a starting point is a good number, and certainly already reflected in the RBS valuation which is already trading 13% or $6bn below its tangible book value.

[redordead1] 03/3/2018 20:15

The fine in US is set at $ 10.75billion RBS allowed for £3.5m

[polar fox] 03/3/2018 07:35

Just read the Sky article - good spot, Raffles.

It would be great if the fine could be settled in Q2, rather than dragging on into H2. The AGM is usually in early May, so it could perhaps be treated by RBS as a target date, but, as a minimum, there should be a formal update then. Last weekend, the ST mentioned that the bank would like to pay an interim this year (post on iii), so a Q2 settlement would fit well in that regard too.

Overall, I see it as a positive for the market and this update should help to rally the share price from yesterday's official low at 254.30p. Last night, the FTSE ended around 60 pts up, on IG, so we may see a decent open on Monday, provided nothing adverse happens this weekend.

[maxk] 02/3/2018 23:14

Pick a number .. the market seems to ahead of the game, how do you keep something like this quiet? Loads of players will already know.