Royal Bank Of Scotland Share Discussion Threads

[polar fox] 06/11/2019 20:40

Hard to keep up - Tom Watson quits as Labour Deputy and MP and Lady Sylvia Hermon announces she will not be defending North Down.

[polar fox] 06/11/2019 13:41

Looks like Cairns is a cabinet minister first. LauraK tweet:

Someone clever in our team has remembered the last minister was Labour’s Lord Brayley in 1974 - he was the armed forces minister who quit over questionable business dealings, we can’t find it ever happening to a Cabinet minister

unquote

[polar fox] 06/11/2019 12:37

Media waiting in DSt for BJ to come to the podium outside.

Meantime, the BBC is checking to see whether Cairns is the first cabinet minister ever to resign during a GE campaign.

[leedskier] 06/11/2019 12:23

Update

Alun Cairns quits as Welsh secretary over claim he did not tell truth about discredited aide

[leedskier] 06/11/2019 11:26

Add

The apparent justification of HM Treasury's stance being that it insured £300 billion of RBS's "toxic" assets. Clearly if those risks translated into actual losses, it would not merely have wiped out the bank, but severely damaged UK plc.

[leedskier] 06/11/2019 11:11

I have spent some time this morning scanning the Judgment of the trial judge, Mr Justice Timothy Kerr, in a pre-trial hearing dated 22 October 2019. That judgment sets the scene for the 10 day hearing now in progress.



It seems that at a late stage in the preparation of this case RBS was not merely sanguine about, but encouraged, the addition of an allegation that HM Treasury required RBS to "seize" assets.

[maxk] 06/11/2019 09:24

Scandal-hit unit at RBS ‘pressured by Treasury’

Agency wanted to sell businesses, says executive

James Hurley, Enterprise Editor
November 6 2019, 12:01am,
The Times


The government pressured Royal Bank of Scotland to foreclose on business customers and acquire their properties, according to the executive who ran the bank’s disgraced restructuring unit.

Derek Sach, former head of RBS’s Global Restructuring Group, told the High Court yesterday that a Treasury agency had tried to influence many of the decisions taken by the division.

In his first public appearance in five years, Mr Sach, 71, said that the government’s asset protection agency, which insured RBS’s toxic loans after the financial crisis struck, had no interest in customers and would have preferred the bank to have “flogged” businesses to secure the government’s objectives.

Mr Sach was appearing as a witness in a legal battle between Oliver Morley, 48, a property developer, and RBS.…



More paywall:

[ianood] 05/11/2019 18:23

or, indifferent as far as I am concerned - he was not a dynamic Chancellor in any way!

[polar fox] 05/11/2019 16:08

Hammond has announced he won't be standing. There will be a lot of different reaction to that one!

[gcom2] 05/11/2019 14:29

good points about the man...putting ideology before your constituent's needs and country is pretty low in my opinion, its rebelling just for the sake of it.

[leedskier] 05/11/2019 13:59

Corbyn was/is a serial rebel. He is never happier than when challenging the Government, whether it be Conservative or Labour. He voted against Blair and Brown's policies more often than for them.

It is said that he does not view the Tories as the enemy. They are simply the opposition. His real enemies are those on the right wing of the Parliamentary Labour Party blocking his call for revolution. Michael Foot and Tony Benn were his role models.

Holding an office of responsibility as leader of HM Opposition must feel like wearing a strait jacket. For him being out on the hustings is much more fun. This may be why many in his own party wonder whether he actually wants to win the election.

[gcom2] 05/11/2019 13:06

Amazing to see corbyns energy and sudden charisma when in reality the miserable git was so negative the last three years blocking everything just coz he hates tories, im not fooled by any of it.

[leedskier] 04/11/2019 17:10

ADD{

Lady Hermon is a formidable woman and a stern critic of Boris's Irish Sea border deal. I watched Parliamentary exchanges between them in recent debates. Boris was very respectful when responding to her questions.

[leedskier] 04/11/2019 17:02

For at least one reason, this news is quite remarkable: Lady Hermon is the widow of Sir John Hermon, an RUC Chief Constable during the troubles.

BBC ...

"Sinn Fein has announced it will not stand in three constituencies in Northern Ireland in a bid to prevent DUP MPs winning the seats. The party will stand aside in South Belfast, East Belfast and North Down. As the Press Association reports, Sinn Fein president Mary Lou McDonald urged supporters to instead back the SDLP, the Alliance party and independent unionist Lady Sylvia Hermon respectively in those three seats."

[leedskier] 04/11/2019 16:32

I never cease to be amazed at the wealth amassed by "ordinary folk" in the USA.

Their stock exchange serves them very well.

[polar fox] 04/11/2019 15:18

The DOW has finally hit a new ATH at the open, about a week behind the SPX.

[polar fox] 04/11/2019 14:40

In the 2019 A/R, there's about £50m or so, provided by the group's two bankers, still HSBC and Barclays. Peanuts really.

Looking at the L/T chart, the share price was just over 1500p in 1997, then gravity took over.

[leedskier] 04/11/2019 14:22

It was Barclays and HSBC back in 2014.

[leedskier] 04/11/2019 13:43

(14 Apr 2016) Britain's opposition leader, Jeremy Corbyn, said on Thursday said his Labour party is "overwhelmingly" in favour of Britain staying in the European Union as he made his first major intervention in the referendum campaign.

[polar fox] 04/11/2019 12:03

This from the BBC could be very important - the buffoon doesn't intend to seek an extension. No Deal remains on the table - somebody should probably explain this to the idiot in charge of Labour.


Brexit: PM will not seek extension to transition period, says No 10

Downing Street says that Boris Johnson will not seek any extension to the Brexit transition period if he is returned to No 10 in the general election.

Under the Prime Minister's proposed deal with Brussels, the UK will continue to follow EU rules after it has left the bloc until the end of 2020 to allow the two sides to negotiate a new trade deal.

The PM's official spokesman said: "The government will not be extending the transition period. The Prime Minister believes that we will have a good trade deal agreed with the EU by December 2020."

The spokesman added that the government must continue to prepare for all Brexit outcomes, including that the country leaves the European Union on 31 January without a deal.
unquote

[leedskier] 03/11/2019 12:58

Farage has announced this morning that he will not personally be standing for election but instead will be urging on his 600 candidates as they ride off to face the political hustings.

[polar fox] 03/11/2019 10:48

It looks like tactical voting will be at a record level, making it more difficult than usual to guess results - something like a quarter of voters.

BBC:

Last month, the Electoral Reform Society campaign group asked polling company BMG Research to find out how widespread tactical voting might be.

Of 1,500 voters questioned, 24% said they planned to vote tactically to keep out a candidate they dislike.

That compares with 66% who said they would vote for their first preference - regardless of how likely they were to win. The remaining 10% said they didn't know.
unquote

Google has several Alison Rose/RBS articles, as she provides some early thinking.

[largeronald] 02/11/2019 11:18

Thanks for that link, leedskier. Very telling.