Royal Bank Of Scotland Share Discussion Threads

[portside1] 27/3/2020 09:02

Smartie I do not lose money I sold yesterday 132 Now going to buy back under 124 p Get a life you nutter I am omniscient

[smartie6] 27/3/2020 07:59

It has, and it’s been very painful sat on the sidelines. I’ve either made one hell of a gaff or I’m going to be a very rich man.

[leedskier] 27/3/2020 07:56

The DJI has risen 21% in 3 days.

[smartie6] 27/3/2020 07:44

The banks will need to hold capital, can the management be trusted to make the correct decision, history proves not. Self interests and greed?

[asa8] 27/3/2020 07:38

Surely the pension funds need the dividends it should be up to the banks no one else

[smartie6] 27/3/2020 07:36

Portside shat himself. Lol.

[portside1] 27/3/2020 07:32

Sold yesterday looking to get back in under 126 with luck

[eldermon] 27/3/2020 07:29

As the UK gov holds a vast number of shares in RBS, by paying a div they will receive a large amount back into the treasury at a time when it is mostly going out, surely wouldn't want to prevent this.Eldermon

[polar fox] 27/3/2020 07:28

From Rightmove's RNS today:

Given the uncertainties caused by the impact of COVID-19, the Board considers it prudent to cancel the proposed final dividend payment of 4.4p per share (£38.3m in total) for the year ended 31 December 2019. The dividend declaration will therefore be withdrawn from the AGM business on 4 May 2020. The Board recognises the importance of the dividend to our shareholders and will consider the timing of the reinstatement of the share buyback programme and the quantum of any interim dividend for 2020 in due course.

[polar fox] 27/3/2020 07:08

Pressure increasing. The Times:

Sir John Vickers, former chairman of the Independent Commission on Banking, has urged the Bank of England to block more than £7.5 billion of dividends to be paid out by banks.

The intervention by Sir John, a former senior official at the Bank, heaps more pressure on Andrew Bailey, the governor, to force banks to abandon payout plans, starting with Barclays, which is pressing ahead with a promise to pay £1.03 billion next Friday.

“For the sake of the health of the financial system, dividend payouts by banks should now be totally out of the question,” Sir John, who headed the body that devised new financial rules in the wake of the banking crisis, said. “I’m surprised the Bank hasn’t yet put a stop

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[milliecusto] 26/3/2020 20:15

Uk is tracking like Italy, lockdown expiry is slap bang in the middle of our peak, we haven't seen half of it yet

[joe king1] 26/3/2020 18:57

Which year?

[ramco] 26/3/2020 18:55

Cfc1 we are waiting because.....

[dope007] 26/3/2020 18:10

Those provisions were to stop banks lieing to mkts and under reporting risk and defaults. Removing them would likely be used to ramp up lending and therefore stocks via another over leveraged boom. I give up!!!

[stonedyou] 26/3/2020 17:11

Banks Poised for Big Win on Loan Losses in Senate’s Virus Bill


Bloomberg) -- The banking industry is close to gaining relief from a much-hated accounting rule imposed after the 2008 financial crisis, thanks to a provision tucked deep in the Senate’s massive coronavirus aid bill.The legislation, which still must be voted on by the House, would likely delay until the end of the year a requirement that lenders partially write down losses when they make a loan –- a directive that banks say paints an unfair picture of their books and could stymie lending, especially during a time of economic tumult.

Lawmakers also added a separate provision that would make it easier for banks to temporarily modify loans without downgrading them to troubled status, a step meant to give flexibility for borrowers under pressure in this pandemic.

Postponement of the accounting rule -- known as the current expected credit losses method, or CECL -- would be a big win for regional lenders including Capital One Financial Corp., Regions Financial Corp. and Truist Financial Corp., which have been lobbying Congress and regulators for more than a year to get the standard changed.

Still, the banks had to head off a last-minute opposition effort by the group that oversees the Financial Accounting Standards Board -- which wrote the CECL rule -- that deployed investor groups and the U.S. Chamber of Commerce to argue that the intervention was an unseemly use of the crisis to achieve a long-standing policy goal.

‘Unprecedented Measures’

[tfergi] 26/3/2020 16:54

I'm very surprised that we have seen a 3 day sustained rise. But then I guess it is designed to burn a lot of shorters who thought it was a dead cert that we would continue falling. I still think we will see new FTSE lows the out look is horrific now. It can't be that the stimulus will solve everything within a month of this crisis? My portfolio looks a little better in any case

[ramco] 26/3/2020 15:43

Smurfy...
"The most relevant debate at the present moment is whether or not the economic negativity has gotten ahead of itself, or if there is another stage of adjusting to a weaker global growth and inflation profile yet to come. Each incremental piece of incoming virus-impacted data will serve to help further refine expectations as the error bands of forecasts are enormous at this stage."

[leedskier] 26/3/2020 15:12

The market traders are probably on the modern day equivalents of Pervitin, or for a better high, Eukodal.

[smurfy2001] 26/3/2020 14:28

All that stimulus has to be propping the markets. Bad news not having any effect.

[dope007] 26/3/2020 14:04

In 1929 most went bust not on the initial fall but on the rest of them as they kept "buying the bottom"

[ramco] 26/3/2020 13:59

Hol's your horses tricky we are only yet at halfway some say but a lifetime opportunity it is...we already got to below 1929 levels and at a faster rate to get there!!...