Royal Bank Of Scotland Share Discussion Threads

[leedskier] 13/3/2018 11:38

The banks may test them at higher rates, but that does not mean that buyers will welcome rate increases.

If real incomes, as the OECD report today are falling, something has to give somewhere in household spending.

[raffles the gentleman thug] 13/3/2018 11:19

Another bold sweeping statement about the UK market completely ignoring the fact that the recent stamp duty abolition for purchases up to the National average more than compensates for the next rate rise and that banks already stress test borrowers at mortgage rates considerable higher than those currently prevailing in the housing market

[leedskier] 13/3/2018 11:07

Another rate rise really would hit house buyers on incomes which in real terms are lower than 8 years ago, but attempting to buy houses at 2x the price in 2010.

[smurfy2001] 13/3/2018 09:58

US CPI later

There has to be another rate rise surely?

UK inflation still at 3% despite fall in food prices

[leedskier] 13/3/2018 08:21

The FTSE100 seems inconsolable too.

[maxk] 13/3/2018 08:07

A snippet on the wireless.

GDP is up, things are looking better, end of the world has been postponed.

Hammond is inconsolable.

[raffles the gentleman thug] 12/3/2018 12:26

Of course It's Brexit - that's why the FT ran a great article the other day highlighting degree to which international investors are underweight the U.K. - in fact the U.K. is the single biggest country underweight out there. And then on top of that there are domestic mutual fund redemptions month after month.For totally understandable reasons nobody wants to own U.K. plc

[leedskier] 12/3/2018 12:07

It is not just the FTSE100 which is not playing catch-up, the FTSE250 is barely flickering today too.

The City must have serious concerns about to tomorrow's Spring Statement by Philip Hammond, or is it all about brexit?

[leedskier] 12/3/2018 09:24

Meanwhile in Frankfurt ...


12,430.03 +83.35 (0.68%)

[leedskier] 12/3/2018 09:17

And the FTSE100 turns red.

[gcom2] 12/3/2018 08:12

We could be in for a ftse rally sometime around 2022, 4 years off

[leedskier] 12/3/2018 07:56

If one factors in the 25% fall in the Cable Rate since the referendum, for overseas investors the comparative value of the FTSE100 is now 5418.

[sux_2bu] 11/3/2018 19:09

Might get the price around 50p cheaper is that's the fine of $30+bn

[ramco] 11/3/2018 14:46

the whispered number has been $14b from a very long time ago....posted it very many years ago..

Add: but all this is conjecture the wait has been long so better to wait on actual number then speculate at what it will be when presented...;

[polar fox] 11/3/2018 10:49

Maybe. That $30.4bn number is new to me and it is relatively large, so it's entirely possible that the fine comes in towards the higher end of the spectrum. I recall an article on Bloomberg, about a year ago, that suggested Rachel Brand would be a little more friendly in her attitude, but she's gone, of course. It's in the lap of the gods.

[smurfy2001] 11/3/2018 09:17

Better prepare for a battering if it's anything like that

[polar fox] 11/3/2018 08:01

"Possible $13bn fine"

I've managed to get hold of that Trefis calculation, via Forbes. Whether it can be taken seriously or not is anybody's guess, but at least we know the math:

Overview Of Estimates

Using our interactive model for RBS, we estimate that the settlement amount will likely be around $13 billion. We arrive at this figure based on what its peers paid to put this matter to rest with the DoJ and other state Attorneys General, as detailed below.

First, we aggregated the settlement figures for six other banks: Since 2013, the Department of Justice (DoJ) has reached settlements with 7 global banking giants: Bank of America, JPMorgan, Deutsche Bank, Citigroup, Credit Suisse, Goldman Sachs, and Morgan Stanley. We aggregated the fines for 6 of these banks. We left out Citigroup, as the total size of MBS mis-sold by Citigroup ($3.5 billion) was well below the average figure of $23.4 billion for the other six, as well as the figure of $30.4 billion for RBS (as detailed in the FHFA lawsuit against each bank)

We then represented the average settlement figure as a % of average securities mis-sold by the banks: The average settlement figure for these banks was just under $10 billion. As the average size of securities mis-sold was $23.4 billion, the settlement figure was roughly 42% of the total securities.

Finally, we multiplied the 42% average settlement figure with the $30.4 billion in RBS’s to arrive at our estimate of $12.8 billion.

unquote

Personally, I'm viewing it as just another opinion, while we wait.

[polar fox] 09/3/2018 21:30

So the DOW closed up 440 in NY and equities trading has just ended for the weekend on IG, with FTSE up 10 on our close. For the first time ever, the DOW/FTSE ratio has moved above 3.50. Ironic, eh - 350m a week for the NHS. Don't make me laugh.

[polar fox] 09/3/2018 20:03

As I type this, FTSE is up a mighty 3 pts from our close today, on IG.

[leedskier] 09/3/2018 18:37

It is only part way through the trading day in NY, but it is on another moonshot.

No doubt those who use the FTSE1OO as a hedge will ensure it does not play catch=up on Monday.

[polar fox] 09/3/2018 17:56

LLOY bought another 6 million again today. Clearly, UBS are content to follow a set pattern for the time being.