Royal Bank Of Scotland Share Discussion Threads

[tomboyb] 11/3/2020 09:40

2m ago
09:37
UK economy is stagnating
NEWSFLASH: Britain’s economy failed to grow in the last few months, showing it was weak even before the coronavirus struck.

quelle surprise -

[tomboyb] 11/3/2020 09:34

3m ago
09:30
Carney: This needn't be a repeat of 2008

[tomboyb] 11/3/2020 09:27

Hint of inevitability here Carney -

Very much one of survival of small businesses -

Short term is looking much longer -

[smartie6] 11/3/2020 09:10

In effect banks have been nationalised but not nationalised.

[smartie6] 11/3/2020 09:09

So banks are becoming the lender of last resort to zombie sme businesses. What happens when they begin to default?

[tomboyb] 11/3/2020 09:01

live broadcast -

[tfergi] 11/3/2020 08:59

I think the FTSE will hit around 5000 at some point in this bear market, hopefully no lower than that

[32campomar] 11/3/2020 08:06

A strange world when banks rise after a big interest rate cut!

[leedskier] 11/3/2020 08:02

FTSE100 and RBS open higher.

Could be an interesting day.

[tomboyb] 11/3/2020 08:00

That interest rate cut in nutx -

However it may well be what is required (presumably???) -

There are and will be big side effects as well -

[leedskier] 11/3/2020 07:58

IGSquawk
@IGSquawk

Don't forget - It's budget day in the UK (shortly after PMQs).

#FTSE called to open 6039 +1.32% following surprise rate cut of 50bps

[leedskier] 11/3/2020 07:56

If the cut in interest rates supports the broader economy it could reduce the number of companies that go under as a consequence of a downturn in the economy.

Is that good or bad for banks?

If it helps will it offset any short term impact of a reduction in interest rates on bank earnings?

[32campomar] 11/3/2020 07:53

Yes you would think so, big hit to profit margins, but who knows in these markets?

[tomboyb] 11/3/2020 07:51

Big fall in banks today -

[leedskier] 11/3/2020 07:50

@FirstSquawk
IRAN ANNOUNCES PRODUCTION OF DRUG TO TREAT CORONA VIRUS THAT HAS YIELDED RELATIVE RESULTS

[leedskier] 11/3/2020 07:48

David Buik
@truemagic68


Since the announcement of 0.5% BOE rate cut turnaround in opening call - FTSE 100 set to open +50 points at 6027 at 7.44am courtesy of Core Spreads

[32campomar] 11/3/2020 07:27

Big Interest rate cut not good for banks?

[leedskier] 11/3/2020 07:26

I read yesterday that Italy may require as much as €600 - €700 billion to keep it afloat.

The rumour is that the UK Chancellor will spend £600 billion today.

Big sums.

[leedskier] 11/3/2020 07:14

Bank of England measures to respond to the economic shock from Covid-19


The Bank’s three policy committees are today announcing a comprehensive and timely package of measures to help UK businesses and households bridge across the economic disruption that is likely to be associated with Covid-19

[smartie6] 11/3/2020 07:11

Panic!!!!!!!!!

[leedskier] 11/3/2020 07:10

Bank of England cuts main interest rate to 0.25% from 0.75%

[tfergi] 11/3/2020 07:09

Interest rates cut