- Reuters•15 hours ago
Royal Bank of Scotland (RBS.L) on Thursday lost a court battle to withhold transcripts, notes and interview records from thousands of retail investors suing the bank over an ill-fated, 12 billion pound ($15 billion) share sale in 2008. Judge Robert Hildyard rejected an attempt by RBS to class the documents as legally privileged and confidential in a judgment welcomed by a group of 27,000 retail investors, who hope the information will bolster their case ahead of a trial next March. RBS said it was considering appealing the judgment.
- Reuters•2 days ago
Britain's spending watchdog may open an investigation into the government's decision to start selling shares in Royal Bank of Scotland last year causing a 1.1 billion pound ($1.39 billion) loss for taxpayers, sparking accusations of poor timing from opposition politicians. The head of the National Audit Office, said in a letter to the Treasury Select Committee, he is considering a review of the government's handling of the taxpayer's investment in the nationalized banks, including the advice given by UK Financial Investments, the body that manages the stake in the bank, to start selling the shares at a loss. "I am still finalizing the exact scope and nature of my work in this area," Amyas Morse, head of the National Audit Office, said in a letter to the head of the Treasury Select Committee.
- TheStreet.com•3 days ago
Fading risks emanating from Italy boosted investor sentiment for a second day.
RBS : Summary for Royal Bank of Scotland Group Pl - Yahoo Finance
The Royal Bank of Scotland Group plc (RBS)
NYSE - NYSE Delayed Price. Currency in USD
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|Bid||5.56 x 300|
|Ask||5.65 x 400|
|Day's Range||5.52 - 5.66|
|52 Week Range||3.91 - 9.20|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-4.98|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|