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Royal Bank of Scotland Group PLC Add to portfolio

LON100:RBS, Jan 21, 04:58 UTC

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Friday, January 18


News

Royal Bank of Scotland outlines plan to reduce taxpayer stake

RBS RBS

Royal Bank of Scotland outlines plan to reduce taxpayer stake. The lender has tabled a special resolution seeking permission to make off-market share purchases from the Treasury through a “directed buy-back” scheme. The lender has been exploring a share buy-back programme since last year that would aim to bring the public holding to less than 50% by the end of the current parliament. RBS said the buy-back could take place as part of a placement by the Treasury at a price determined through an open-market book-building process. Or it could happen via a bilateral deal whereby the bank buys a certain number of shares at the relevant market price agreed with Treasury, independent of any larger placement of shares by the Government.

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Thursday, January 17


News

Royal Bank of Scotland outlines plan to reduce taxpayer stake

RBS RBS

Royal Bank of Scotland outlines plan to reduce taxpayer stake. The lender has tabled a special resolution seeking permission to make off-market share purchases from the Treasury through a “directed buy-back” scheme. The lender has been exploring a share buy-back programme since last year that would aim to bring the public holding to less than 50% by the end of the current parliament. RBS said the buy-back could take place as part of a placement by the Treasury at a price determined through an open-market book-building process. Or it could happen via a bilateral deal whereby the bank buys a certain number of shares at the relevant market price agreed with Treasury, independent of any larger placement of shares by the Government.

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News

RBS seeks investor backing for share buyback plan

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RBS seeks investor backing for share buyback plan. ReutersJanuary 17, 2019, 4:26 PM GMT. LONDON (Reuters) - State-backed British bank Royal Bank of Scotland (RBS.L) is to consult with shareholders on plans for a buyback of its shares owned by the Government, using excess capital to accelerate its return to private ownership. The lender told investors it would hold a general meeting on February 6. RBS is 62.3 percent owned by British taxpayers, following its 45 billion pounds ($58.13 billion) bailout during the financial crisis. What to read next.

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Saturday, January 12


News

Royal Bank of Scotland Group plc (RBS) Receives GBX 314.50 Average Price Target from Analysts – Fairfield Current

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The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 314.50 ($4.11). Credit Suisse Group reduced their target price on Royal Bank of Scotland Group from GBX 320 ($4.18) to GBX 300 ($3.92) and set a “neutral” rating for the company in a report on Monday, September 24th. Royal Bank of Scotland Group has a 12 month low of GBX 221.80 ($2.90) and a 12 month high of GBX 304.20 ($3.97). The Royal Bank of Scotland Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide.

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Friday, January 11


News

I would sell the RBS share price to buy this unloved 4.7%-yielder

RBS NTG

The last time I covered theRoyal Bank of Scotland(LSE: RBS), I noted that while the stock looked attractive from a valuation perspective, its uncertain outlook could be a sticking point for investors who might have been considering adding the shares to their portfolio. The outlook for the UK banking sector is still shrouded in uncertainty and, with this being the case, I think it might be worth selling shares in RBS and investing your money elsewhere. This commercial vehicle hire business has, in my opinion, a much brighter outlook than RBS because it operates across the UK, Spain and Ireland. What’s more, unlike RBS, the company isn’t subject to strict regulations and is highly cash generative (it’s also quite easy to understand unlike RBS’s giant and complex balance sheet). That being said, if there’s a recession in the UK following Brexit, RBS and Northgate will both suffer. However, because Northgate leases its vehicles on relatively short contracts, it’s not exposed to the same kind of credit risk as RBS.

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Wednesday, January 09


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Over 40,000 Irish customers of Ulster Bank and Bank of Scotland to receive refunds after being overcharged

RBS

You can read more in our cookie notice. Or, if you do not agree, you can click Manage below to access other choices. If you choose not to, you will still see adverts on our site, because they help us to fund it, but those adverts will not be tailored to you. An Ulster Bank spokesperson told the Irish Independent: "We are writing to some business customers who have been impacted by a past overcharging error on our part. Around 20,000 mortgage holders of the former Bank of Scotland (Ireland) also received letters informing them that they had been overcharged interest, reportedly due to confusion over the leap year in 2008. Research from the Central Bank found that people don't switch their mortgage because they don't realise how much they could save and because it's extremely difficult to compare mortgages. How to follow the Irish Mirror on social media.

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Wednesday, December 26


News

RBS Braces for No-Deal Brexit, Seeks German Banking License

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In a move to prepare itself against no-deal Brexit, The Royal Bank of Scotland PLC RBS applied for a German banking license to make sure that the company can freely trade across the region. Per the article, RBS plans to convert the current Frankfurt branch into a regional “payments hub” that will be able to process and settle euro-denominated payments, and give loans to large German clients along with taking in deposits. Early December 2018, the bank disclosed that it had put forth request to the regulators to allow it move about £6 billion of assets and £7 billion of liabilities to NatWest. This is expected to impact nearly 30% of customers in NatWest markets. In case a deal is struck between Britain and EU, the transfer of assets would be a slower process and be “subject to further political developments,” per the bank.

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Monday, December 24


News

RBS applies for German banking licence ahead of Brexit

RBS

The state-owned bank is the latest financial services company to set up an EU hub in response to Brexit. Lloyds Banking Group is to set up three subsidiaries in Berlin, Frankfurt and Luxembourg, while Barclays is expanding its Dublin office. It would also allow RBS to maintain its ties to Germany's central bank and continue benefiting from passporting rights that give financial services firms cross-border access to EU clients. No jobs are expected to be moved through the plan, but 12 positions will be created in Frankfurt. Some 37 UK based financial institutions have applied to the European Central Bank for new licences, or to extend existing ones, ahead of Brexit.

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Sunday, December 23


News

RBS applies for a German banking license - FT

RBS

RBS applies for a German banking license - FT. Dec (Shanghai: 600875.SS - news) 23 (Reuters) - Royal Bank of Scotland Group Plc has applied for a German banking license to help maintain access to European markets after Britain's exit from the European Union, the Financial Times reported on Sunday. The bank has plans to replace its current Frankfurt branch with a newly licensed unit, according to the report https://on.ft.com/2BBvdCs. RBS (LSE: RBS.L - news) already has one license in continental Europe due to its takeover of Dutch bank ABN Amro in 2007. The new unit will have the responsibility of processing and settling euro-denominated payments, managing euro liquidity and offering loans to large German clients along with attracting their deposits, the FT reported.

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News

Is Royal Bank of Scotland Group plc (RBS) Going to Burn These Hedge Funds?

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A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. Our calculations also showed that RBS isn't among the 30 most popular stocks among hedge funds. At the moment there are numerous indicators stock traders employ to grade publicly traded companies. Some of the less utilized indicators are hedge fund and insider trading moves. These stocks are Kinder Morgan Inc (NYSE:KMI), Waste Management, Inc. (NYSE:WM), Barclays PLC (NYSE:BCS), and Credit Suisse Group AG (NYSE:CS).

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