Royal Bank Of Scotland Share Discussion Threads

[leedskier] 02/4/2020 08:32

What of the 80p RBS share price you were promising?

[smartie6] 02/4/2020 07:47

Looks like FTSE and DOW both on a positive move today. May see a decent FTSE rise.

[smartie6] 02/4/2020 07:45

Patience.
Things will change as pressure mounts on the government. We will start to ramp up testing.
To ease the bottleneck of cash getting to businesses the government will provide further direct stimulus and support packages. They have continued to say that a business will not fail on health issues alone.
Direct access to cash will ease the burden on banks, default rates will be minor, and ratings will improve significantly when reassessment of capital and balance sheet health is recognised. A significant increase in share price will mean the dividend cut will be forgotten in time.

[ramco] 02/4/2020 00:14

Spirito I fervently and wholehrtedly second your motion based upon his first appearance here the last time...well said ;)

[ramco] 02/4/2020 00:10

Maxk . ..keeping it real as always...lols...;)

[ramco] 02/4/2020 00:08

Avatar ...very close lol ;)

[spirito] 01/4/2020 22:02

behave or your grounded

[cantrememberthis2] 01/4/2020 21:26

Dont despair
I remain committed to holding Metro Bank.
Recovery Bank Stock for 2020:

[gcom2] 01/4/2020 21:09

why is jpm 83 dollars? it should do an rbs and go to 35 dollars asap

[maxk] 01/4/2020 20:38

It means the PRA owns RBS's ass, and they will do with it as they want.

[leedskier] 01/4/2020 19:52

The penultimate paragraph makes it clear that had the bank not agreed, the PRA would consider using its supervisory powers.

[leedskier] 01/4/2020 19:43

Dear Alison,

Thank you for our discussions of recent days in response to the exceptional circumstances caused by Covid-19. The PRA welcomes the consideration given by you and your firm to suspending dividends and buybacks on ordinary shares until the end of 2020. Should your board take such a decision the PRA would publicly welcome it.

I am also writing to ask you to cancel payments of any outstanding 2019 dividends.
The PRA also expects banks not to pay any cash bonuses to senior staff, including all material risk takers, and is confident that bank boards are already considering and will take any appropriate further actions with regard to the accrual, payment and vesting of variable remuneration over coming months.

Please confirm to the PRA by 20:00 today whether or not your group is prepared to agree to this request. The PRA stands ready to consider use of our supervisory powers should your group not agree to take such action.

We would expect you to make a statement by 21:00 and the PRA would issue its own statement at that time. A draft text of a PRA statement and possible form of words for your statement, depending on your decisions on these matters, is included below (see Annex). The PRA intends to publish its letters to firms alongside any statement it issues.


Yours sincerely
Sam Woods
Deputy Governor and CEO, Prudential Regulation Authority
CEO, Prudential Regulation Authority
31 March 2020

[cfc1] 01/4/2020 18:24

Leeds - not correct - the PRA cant TELL them too. Even if we agree, they could have 'pulled' it 3 days ago not immediately after x div?

[leedskier] 01/4/2020 17:59

The banks did not have a choice. They were given an instruction by the PRA and in the case of RBS majority owned by HMG, that was a horses head in the bed.

[cfc1] 01/4/2020 17:30

smurfs - yep and I BET this new CEO wont take a paycut or bonus cut - which will be even worse. I am tempted to go to the RBS AGM in Edinburgh and have a right go!

[smurfy2001] 01/4/2020 17:15

cfc1, agree it's sucks given the CET1 ratio they have plenty of capital.

[cfc1] 01/4/2020 17:06

what really is annoying for RBS Share Holders is Ms Rose decided to postpone dividend AFTER xdiv dates. Many (including me) invested back into RBS to take advantage of a smashed share price and great divi - seems criminal to me!

[avatar333] 01/4/2020 16:35

Kermit?

;

[ramco] 01/4/2020 16:08

The BOE staff are not muppets some are extremly clever as they work for their masters and ensure the fleecing of you for them....now tell me again who is the muppet? ;)

[spirito] 01/4/2020 15:51

this doesn't tally with other figures I've seen