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LON100:RBS, May 22, 09:46 UTC

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Monday, May 20


News

The RBS share price: what’s next?

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The Royal Bank of Scotland Group (LSE: RBS) has lagged the market over the last year, falling 23% compared to a 7% drop for the FTSE 100. It’s been a long while since Royal Bank of Scotland shares offered investors a 6% dividend yield. But the latest market forecasts suggest shareholders will receive a payout of 14.2p per share this year, giving a forecast yield of about 6.2%. It should be covered 1.9 times by forecast earnings of 26.2p per share and backed by the bank’s strong balance sheet. What else is good? But its dividend isn’t the only attraction. Shares in Irish airline Ryanair Holdings (LSE: RYA) fell today after the budget flyer said full-year profits fell 29% to €1.02bn during the year to 31 March.

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Thursday, May 16


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Barclays and RBS among banks fined £900m by European Commission

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Barclays and RBS among banks fined £900m by European Commission. Barclays (BARC.L), Royal Bank of Scotland (RBS), and JPMorgan (JPM) are among several banks that have been fined €1.07bn (£935m) by the European Commission for taking part in two cartels in the currency foreign exchange market. An investigation by the commission found that some individual traders in the banks “exchanged sensitive information and trading plans” and “occasionally coordinated their trading strategies.”. “Today we have fined Barclays, The Royal Bank of Scotland, Citigroup, JPMorgan and MUFG Bank and these cartel decisions send a clear message that the Commission will not tolerate collusive behaviour in any sector of the financial markets,” said competition commissioner Margrethe Vestager.

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EU fines Barclays, Citi, JP Morgan, MUFG and RBS $1.2 billion for FX rigging

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FILE PHOTO: A man walks past a signboard of Mitsubishi UFJ Financial Group and MUFG Bank at its headquarters in Tokyo, Japan April 3, 2018. BRUSSELS (Reuters) - The European Union fined Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland a combined 1.07 billion euros ($1.2 billion) on Thursday for rigging the multi-trillion dollar foreign exchange market. The EU competition enforcer said most of the traders knew each other on a personal basis and set up chatrooms such as "Essex Express 'n the Jimmy", which was given this name because all of them except "James" lived in Essex, to the east of London, and met on their train commute to the British capital. JP Morgan said it related to the conduct of one former employee and RBS that it served as a reminder of how it had lost its way in the past.

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Wednesday, May 15


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United Kingdom Banking Reputation Report 2019: The Core Brands of the Big Four Banks are Not Looked on as Favourably as Smaller Brands

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The banking industry still suffers from reputational damage as a legacy of past (and some on-going) scandals. Strongly Pro-Brand - consumers who associate positive words and phrases with their main bank and who would strongly recommend their bank to friends and relatives. The brands which have out-performed the banking market in the sense of having relatively more Pro-brand customers than banks as a whole, tend to be brands which have established a unique position for themselves in the market. Consumers do not have warm and cosy feeling towards individual banks or the industry, they remain somewhat detached from both, even those consumers who tend to look favourably on the industry or individual bank.

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Tuesday, May 14


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A FTSE 250 bank I’d buy today, alongside the RBS share price

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A FTSE 250 bank I’d buy today, alongside the RBS share price. They got in when confidence in the big banks was badly shaken worldwide, were starting from a clean slate, and they really only need to make relatively small inroads into the market to snag some nice profits. But against that, there’s potentially more risk associated with smaller upstarts, as the recent problems at Metro Bank show only too painfully, after its share price collapsed due to a rather startling error in incorrectly assessing the risk bands of a portion of its lending. Bank of Georgia Group (LSE: BGEO) is a little different, and though it’s still pretty small by world banking standards, the economy of its home country of Georgia is looking strong. Meanwhile back on these shores, I’m still seeing Royal Bank of Scotland Group (LSE: RBS) shares as undervalued, even considering the risks of Brexit and the possibilities of what Jeremy Corbyn might do with the bank if he wins the next election.

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Saturday, May 11


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Barclays and RBS Have Reduced the Real Estate Transaction Process Four Times: Who Benefits?

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Recently, Barclays and the Royal Bank of Scotland (RBS), with the participation of enterprise software company R3, successfully tested a blockchain project that will speed up real estate transactions. “When a person wants to purchase a house, the process encompasses a whole host of different interactions with different businesses and governmental entities that can be uncomfortable and drawn out,” John Stecher, group managing director at Barclays Investment Bank, said. As a rule, about eight parties are involved in a real estate transaction — in addition to the buyer and the seller — each of whom must go through the process of exchanging information, including filling in a variety of documents, and using different platforms and databases. This can lead to delays in transactions, errors, increased costs and uncertainties for all parties, according to analysts from the Instant Property Network (IPN). As a solution, Barclays and RBS proposed a system that allows participants in real estate transactions to conduct transactions directly, while maintaining control over their personal data. During the test, which took place over five days, real estate transactions were modeled using data in a distributed registry. As a result of the experiment, it turned out that blockchain is able to simplify and optimize the process of buying and selling real estate from more than three months to less than three weeks. For the record, this is not the first example of speeding up a commercial deal using blockchains.

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Friday, May 10


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UK Banking Reputation Report 2019 Featuring HSBC, Barclays, Royal Bank of Scotland and More

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The banking industry still suffers from reputational damage as a legacy of past (and some on-going) scandals. Consumers generally have a less positive view of the industry than they have of individual bank brands and the individual banks they use. Strongly Pro-Brand - consumers who associate positive words and phrases with their main bank and who would strongly recommend their bank to friends and relatives. The brands which have under-performed the banking market include the core brands of Lloyds Banking Group, Royal Bank of Scotland Group and Barclays.Examples of other key findings to come from this research, based on interviews with 1,031 nationally representative consumers are:.

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Two internal candidates vying for top job at Royal Bank of Scotland

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Royal Bank of Scotland is considering two internal candidates to be the lender’s next chief executive, outgoing boss Ross McEwan has revealed. The New Zealander, who announced weeks ago that he is to step down from the state-backed bank, told a radio programme that alongside favourite Alison Rose, another candidate has now thrown their hat into the ring. “Alison, and we’ve got another internal candidate which we’re delighted that they’ve put their hand up and said that they want the job. And that has to be assessed against the external candidates,” he told LBC on Friday morning. She has worked at RBS for more than 26 years and her appointment late last year sparked intense speculation she is being lined up as a successor to Mr McEwan. But this is the first time that news of a rival candidate from within the bank has surfaced.

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Thursday, May 09


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Ulster Bank to sell off more non-performing loans, CEO says

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Ulster Bank CEO Jane Howard admitted that more work needs to be done to bring down its number of non-performing loans. She says it is expected that the loans will be sold off by the end of this year.However, Ms Howard said the ECB target of reducing the stock of bad loans to 5% will not be reached until next year. She said that the bank has reduced its stock of non-performing loans to 10% and that they are "committed to rebuilding trust with our customers and with Irish society". The bank said €297m has been set aside split "roughly 50-50" between operational costs and paying redress to customers affected by the tracker mortgage scandal.Chief Financial Officer Paul Stanley says about €120m has been paid out to customers as of the end of March.

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Former RBS employee wins equal pay case - UK's Unite

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(Reuters) - Britain and Ireland's largest trade union, Unite, said on Thursday a former female employee of Royal Bank of Scotland won an equal pay case against the state-backed bank, and warned that more such claims could follow. Pay disparities in Britain have come under the spotlight since the government forced businesses to submit gender pay gap figures annually from last year. The employee, who served at RBS between September 2010 and November 2017, won 150,000 pounds ($195,030) in a case that was backed by Unite's legal services unit. Major financial services firms in Britain have made very little progress in narrowing the gap between male and female pay and more than a third have gone backwards, a Reuters analysis of gender pay data showed in April.

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