RBS.L - The Royal Bank of Scotland Group plc

LSE - LSE Delayed Price. Currency in GBp
279.90
-2.40 (-0.85%)
As of 2:29PM BST. Market open.
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Previous Close282.30
Open282.10
Bid279.80 x 654700
Ask279.90 x 41000
Day's Range278.00 - 282.20
52 Week Range180.00 - 286.20
Volume3,413,579
Avg. Volume11,455,960
Market Cap33.43B
BetaN/A
PE Ratio (TTM)-8.31
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Reuters2 hours ago

    Loan insurance still dominates UK financial complaints

    Payment protection insurance (PPI) remains the most complained about financial product in Britain, forcing firms to pay more than a billion pounds in compensation in the first half of 2017, the Financial Conduct Authority said on Monday. PPI is Britain's costliest financial scandal with complaints increasing by 24 percent to 1.1 million in the first six months of this year, up from 899,000 in the second half of 2016. The watchdog launched a publicity campaign in August featuring an animatronic head of actor Arnold Schwarzenegger to urge people to make compensation claims for mis-sold PPI by an August 2019 deadline.

  • Reuters5 hours ago

    FTSE edges up but profit warnings sink Pendragon, Dialight

    By Helen Reid LONDON (Reuters) - Britain's main share index (.FTSE) started the week with a modest gain, led by engineering group GKN while Mediclinic shares fell after its bid for Spire Healthcare was ...

  • Financial Times10 hours ago

    [$$] Challenger bank criticises carve-up of RBS fund

    Just three banks are expected to secure the lion's share of £425m set aside by Royal Bank of Scotland to help increase competition in the small-business banking market, in a move that would raise doubts ...

  • Ex-Lloyds bank bosses used 'spin and puff' in HBOS deal, court told
    Reuters5 days ago

    Ex-Lloyds bank bosses used 'spin and puff' in HBOS deal, court told

    Former bosses of Lloyds Banking Group (LLOY.L) used "spin and sales puff" to win over investors and secure a "disastrous" acquisition of rival HBOS during the credit crisis, a lawyer for thousands of shareholders told London's High Court on Wednesday. Around 6,000 Lloyds investors, who are seeking around 550 million pounds in damages, allege that five former directors at Lloyds, including ex-CEO Eric Daniels, concealed information about HBOS's financial position in 2008 and 2009 and breached their duties by recommending the purchase. On the first day of a 14-week London trial, the claimant's lawyer Richard Hill told the court that the deal saved HBOS from nationalisation but looked like a catastrophe for Lloyds within days of completion in early 2009.

  • Reuters5 days ago

    Ireland threatens to penalise banks over mortgage overcharging

    Ireland will raise taxes on banks if they don't move faster to provide compensation for the "scandalous" overcharging of thousands of mortgage customers, Prime Minister Leo Varadkar said on Wednesday. Ireland's central bank has identified at least 13,000 customers who should have been given the option of a cheaper "tracker" mortgage or kept on a better rate years ago. It has ordered lenders to repay the difference and offer compensation.

  • British financial watchdog consents to scrutiny of confidential RBS report
    Reuters6 days ago

    British financial watchdog consents to scrutiny of confidential RBS report

    Britain's Financial Conduct Authority has agreed to allow a confidential report on the Royal Bank of Scotland's (RBS.L) treatment of struggling companies to be scrutinised by a barrister, MPs said on Tuesday. In a letter to MPs , Andrew Bailey, chief executive of the FCA, agreed to allow a barrister to check a summary of the report against its full contents, which the regulatory agency says was never meant to be public. It has refused to publish the report, irritating MPs on Parliament's Treasury Select Committee, who announced they had appointed barrister Andrew Green to inspect the summary last week.

  • Is It The Right Time To Buy The Royal Bank of Scotland Group plc (LSE:RBS)?
    Simply Wall St.6 days ago

    Is It The Right Time To Buy The Royal Bank of Scotland Group plc (LSE:RBS)?

    Let’s talk about the popular The Royal Bank of Scotland Group plc (LSE:RBS). The company’s shares saw a decent share price growth in the teens level on the LSE overRead More...

  • Financial Times7 days ago

    [$$] RBS excludes thousands of small businesses from compensation

    Royal Bank of Scotland, the taxpayer-backed bank, has excluded potentially thousands of small businesses from a £400m compensation scheme set up in response to a long-running scandal over alleged mistreatment ...

  • Reuters10 days ago

    Queen's bank goes for younger clients as rivals try to steal crown

    After three centuries as banker to Britain's rich and famous, from Charles Dickens to Queen Elizabeth II, Coutts, one of the world's oldest banks, is trying to modernise. Britain's largest private bank wants to update not only its technology and ways of doing business, but also its 325-year-old brand to sell more products to more customers, tackle competition from international rivals and boost revenues. Chief Executive Peter Flavel aims to increase Coutts' appeal to a younger generation of wealthy Britons, including vloggers, gamers and other entrepreneurs getting rich from new technologies, as well as its traditional clients.

  • Reuters11 days ago

    UK lawmakers pile pressure on watchdog over RBS report

    British lawmakers have hired a barrister to check if a summary of a report by regulators into how Royal Bank of Scotland (RBS.L) treated companies in difficulties is comprehensive and fair. The Financial Conduct Authority has refused to publish the main report, saying it was never meant to be public and that a summary would be made available. "On receiving the adviser's assessment, the committee would decide how to proceed, and the arrangement would be without prejudice to its formal powers to require that the FCA produce the report," TSC Chair Nicky Morgan said in a letter to FCA CEO Andrew Bailey and released to the media.

  • UK lenders plan biggest consumer lending curb since late 2008 -BoE
    Reuters11 days ago

    UK lenders plan biggest consumer lending curb since late 2008 -BoE

    British lenders are planning the biggest cutback in consumer loans in nearly 10 years, the Bank of England said on Thursday, after it warned repeatedly about the strong pace of lending to households. The BoE's quarterly net balance of lenders' expectations for the availability of unsecured lending over the next three months fell to -28.6 from -16.2. The BoE has said there is no overall debt bubble in Britain but it has expressed concern about consumer debt, which had been growing at about 10 percent a year.

  • Early 2018 is crunch time for banks' Brexit decisions - UK official
    Reuters12 days ago

    Early 2018 is crunch time for banks' Brexit decisions - UK official

    Many international banks and financial services firms based in Britain will decide in the first quarter of next year whether to move operations away from Britain ahead of Brexit, a senior official at Britain's finance ministry said on Wednesday. Katharine Braddick, the ministry's director general for financial services, said banks using Britain to serve clients in the European Union were showing the most urgency in considering relocation plans.

  • Reuters12 days ago

    Early 2018 is crunch time for banks' Brexit decisions - UK official

    Many international banks and financial services firms based in Britain will decide in the first quarter of next year whether to move operations away from Britain ahead of Brexit, a senior official at Britain's finance ministry said on Wednesday. Katharine Braddick, the ministry's director general for financial services, said banks using Britain to serve clients in the European Union were showing the most urgency in considering relocation plans.

  • Reuters13 days ago

    PRESS DIGEST- British Business - Oct 11

    The following are the top stories on the business pages of British newspapers. Britain will miss out on the best global economic conditions since 2011 as the post-Brexit outlook holds the country back next year, the International Monetary Fund has warned. Network Rail is set to be granted an enhanced budget, likely to be more than 40 billion STG, to run Britain's railway.

  • Domestic banks help FTSE edge ahead
    Reuters13 days ago

    Domestic banks help FTSE edge ahead

    Britain's top share index ended at a two-month high on Tuesday after domestic banks Royal Bank of Scotland and Lloyds rose following a broker upgrade on hopes of a softer exit from the European Union. Britain's blue-chip FTSE 100 (.FTSE) index was up 0.4 percent at 7,538.27 points at its close, while the more domestically-focused mid-cap (.FTMC) index added 0.2 percent, boosted by some well-received earnings updates. After hitting record highs in May thanks to the weakness in the pound that followed Britain's decision to leave the EU, the rally in the FTSE has lost steam as sterling strengthened and the Bank of England turned more hawkish.

  • How Royal Bank of Scotland (RBS) Stock Stands Out in a Strong Industry
    Zacks13 days ago

    How Royal Bank of Scotland (RBS) Stock Stands Out in a Strong Industry

    Royal Bank of Scotland (RBS) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

  • Financial Times13 days ago

    [$$] UK to delay selling down RBS stake until US case settled

    Bankers are preparing for the UK government to sell a stake in Royal Bank of Scotland worth about £3bn once the state-backed lender has cleared a significant mis-selling fine with US authorities. Two bankers ...

  • Bailed-out RBS removes logo from flagship office
    Associated Press14 days ago

    Bailed-out RBS removes logo from flagship office

    LONDON (AP) — Royal Bank of Scotland has removed its own logo from its flagship London office, replacing it with the more locally focused NatWest brand — a sign that the bank has shed its global aspirations once and for all.

  • Bank of England says Brexit transition deal needed by Christmas
    Reuters19 days ago

    Bank of England says Brexit transition deal needed by Christmas

    Britain's banks need a watertight Brexit transition deal by Christmas to avoid a potentially disorderly shift of people and operations to the European Union, a top Bank of England official said on Wednesday. BoE Deputy Governor Sam Woods said that while the British government wants a deal to bridge leaving the EU in March 2019 and the start of new trading terms, the EU's position was still unclear and the clock was ticking. "If we get to Christmas and the negotiations have not reached any agreement on this topic, diminishing marginal returns will kick in," Woods told the annual City Banquet in London's "Square Mile" financial district.

  • Reuters19 days ago

    Bank of England says Brexit transition deal needed by Christmas

    Britain's banks need a watertight Brexit transition deal by Christmas to avoid a potentially disorderly shift of people and operations to the European Union, a top Bank of England official said on Wednesday. BoE Deputy Governor Sam Woods said that while the British government wants a deal to bridge leaving the EU in March 2019 and the start of new trading terms, the EU's position was still unclear and the clock was ticking. "If we get to Christmas and the negotiations have not reached any agreement on this topic, diminishing marginal returns will kick in," Woods told the annual City Banquet in London's "Square Mile" financial district.

  • Reuters20 days ago

    Bank of England sees Brexit risks to EU bank lending in UK and clearing

    Brexit poses risks to the ability of British companies to borrow from European banks and to some clearing activity which might have to relocate from London once Britain leaves the EU, the Bank of England said on Tuesday. Banks from the bloc and other associated countries accounted for around 10 percent of lending to British companies, the BoE's Financial Policy Committee (FPC) said in a summary of its most recent meeting held on Sept. 20.

  • Moody's21 days ago

    Ulster Bank Ireland DAC -- Moody's changes outlook on Ulster Bank Limited and on Ulster Bank Ireland DAC to positive from stable

    Rating Action: Moody's changes outlook on Ulster Bank Limited and on Ulster Bank Ireland DAC to positive from stable. Global Credit Research- 02 Oct 2017. Long-term deposit ratings affirmed at A2 for Ulster ...

  • Reuters21 days ago

    BoE tells banks to find 4 billion pounds of 'bail-in' debt by 2022

    Banks operating in Britain must find a net 4 billion pounds ($5.3 billion) by 2022 to comply with rules aimed at shielding taxpayers if lenders go bust, the Bank of England said on Monday. Ten years after the financial crisis that cost British taxpayers billions of pounds to rescue banks like Royal Bank of Scotland (RBS.L) and Lloyds (LLOY.L), the BoE said its was putting the finishing touches to a system for dealing with failing banks. BoE Deputy Governor Jon Cunliffe said the BoE does not run a "zero failure regime".

  • Should You Be Concerned About The Royal Bank of Scotland Group plc’s (LSE:RBS) Risks?
    Simply Wall St.24 days ago

    Should You Be Concerned About The Royal Bank of Scotland Group plc’s (LSE:RBS) Risks?

    For The Royal Bank of Scotland Group plc’s (LSE:RBS) shareholders, and also potential investors in the stock, understanding how the stock’s risk and return characteristics can impact your portfolio isRead More...

  • Nomura, RBS lose bid to overturn $839 million mortgage bond award
    Reuters25 days ago

    Nomura, RBS lose bid to overturn $839 million mortgage bond award

    Nomura Holdings Inc and Royal Bank of Scotland Group Plc (RBS.L) lost a U.S. court appeal on Thursday to overturn an order requiring them to pay $839 million for making false statements while selling mortgage-backed securities to Fannie Mae (FNMA.PK) and Freddie Mac(FMCC.PK). A unanimous panel of the U.S. Court of Appeals for the 2nd Circuit in New York, however, rejected that and other arguments. Representatives of Nomura and RBS declined to comment.