Royal Bank Of Scotland Share Discussion Threads

[smurfy2001] 13/10/2018 03:06

I would expect a special dividend or buy back announcement after this date. RBS have previously mentioned the stress tests. Let's hope RBS do a buy back from the government.

Bank of England stress testing results to be published on 5 December 2018

[smurfy2001] 12/10/2018 20:36

RBS pays its first dividend since £45.5bn bailout 10 years ago
It is worth about £240m to shareholders and Treasury will pick up nearly £150m

[smurfy2001] 12/10/2018 19:43

Got my dividend £783.48 not bad at all. Looking forward to a chunkier final dividend.

[bonda67] 11/10/2018 18:42

and surprise surprise the dow rises at our close.

[tfergi] 11/10/2018 16:31

So FTSE falls before the DOW, more than the DOW when the DOW falls and more after the DOW falls.Nice.

[leedskier] 11/10/2018 08:03

7,032.53 −113.21 (1.58%)
Oct 11, 8:03 AM GMT+1 ·

[leedskier] 11/10/2018 07:54

Add to which Trump's comment that this a 'correction we have long being waiting for" appears to be a green flag to short 'over priced' shares, hence the US tech sector was hammered yesterday.

[leedskier] 11/10/2018 07:44

As always, the US sneezes and the UK/European markets all fall down. Basically higher US interest rates are pushing up the yield on US Treasuries making them attractive 'safe haven' investments.

[polar fox] 10/10/2018 06:09

Simon Jack has another lengthy McKewan/RBS article on BBC Business. I can't see anything that we don't already know.

[polar fox] 08/10/2018 07:13

Name change? Times:

Royal Bank of Scotland is considering ditching its corporate name after suffering severe reputational damage from the financial crisis and ten years of painful restructuring, according to the bank’s chairman.

Sir Howard Davies told The Times that the RBS name was “under review” as the bank had now resolved most of its historical problems and was shifting its focus to investing in its other brands — Natwest, Coutts and Ulster Bank.

Speaking ten years after Sir Tom McKillop, the chairman at the time, appealed to the chancellor Alistair Darling on October 7, 2008 for emergency funding to prevent the bank’s collapse, Sir Howard said the reputational damage to RBS from the bailout and its aftermath had been “very serious”.

The Labour government had to inject…

Continue reading

[m1k3y1] 07/10/2018 13:36

Daily mail

RBS scandal fraudster and team reaped £1.9 million... Police turn the spotlight on action group after examining a dossier compiled by regulator


Vannin
Vannin aiming for £700 million float

[m1k3y1] 07/10/2018 13:35

I don't agree that the AGC should keep 8m IF there is found to be serious concerns regarding payments they made to walsh etc .

1.9m for leaflets etc to run a campaign such as the RBoS shareholders action group is ridiculous.
In addition, they were constantly saying they needed more money and entering into funding arrangements , when it appears, they had been paying themselves substantial slumps of claimants funds.

[chinese investor] 07/10/2018 11:40

This is what I expect to happen :-

1) "The Action Group" to receive no new money (SIGNATURE)
(they can keep the £8 million "contributions")
2) The Early Funders (i.e. Vannin) to receive £5 million (IN COURT SEPTEMBER/OCTOBER 2018)
3) The Corporate Claimants to give us a couple of million (IN COURT ATM)
4) Small claimants to be given a refund on a proportion of their "contributions" (SIGNATURE)
(to be offset against any "Action Group"'s claims)

Total Costs :-
Signature (£24 million)
Vannin (£5 million)
Bird & Bird (£6 million)
"Action Group" (£2 million - they paid B&B £6 million)
Total to be £37 million

We should be able to claw back a couple of million.

[chinese investor] 07/10/2018 11:30

Huge coverage in today's Mail on this saga.

[m1k3y1] 05/10/2018 11:44

Just had the latest update from Signature and a letter which is a bit odd but I think it has been sent to everyone.

[chinese investor] 05/10/2018 11:39

I'm a bit concerned RBS are dragging their feet on verification.

[m1k3y1] 05/10/2018 11:32

No good closing the stable door now CI, they need to investigate what has happened to the money paid to the AGC by claimants.

[chinese investor] 05/10/2018 11:15

The trouble is there are no "Action Group" rules.
This must be addressed.

[m1k3y1] 05/10/2018 11:11

If the police don't find a reason to prosecute it will be astounding.
I am also concerned about the reference to Grenfell CI.

[chinese investor] 05/10/2018 11:03

Now this is believable.
There were 7,000 retail claimants who should have paid a minimum of £1,300 but some didn't pay.
What is worrying is the fact the "Action Group" did not keep good records of members's subscriptions.

"Prior to our ongoing work, the AGC had informed us of receipt of approximately £8 million from Corporate and Retail SG Claimants."