|Bid||211.00 x 654700|
|Ask||240.00 x 41000|
|Day's Range||216.60 - 220.40|
|52 Week Range||200.10 - 289.70|
|Beta (3Y Monthly)||0.52|
|PE Ratio (TTM)||17.34|
|Earnings Date||Aug 2, 2019|
|Forward Dividend & Yield||0.07 (2.92%)|
|1y Target Est||301.06|
RBS is finally making a profit again, after a disastrous decade triggered by its 2008 implosion and £46bn government bailout. RBS was initially told to carve out and sell a chunk of its own business — the so-called Williams & Glyn franchise of 306 branches. A government plea to Brussels for a plan B punishment led to the creation of something called Banking Competition Remedies Ltd.
Regulators are watching a price war in mortgages "like a hawk" and may need to impose stricter minimum capital requirements on lenders, Bank of England Deputy Governor Sam Woods said on Friday. The price war over the past two years may be good news for consumers wanting to buy their first home, but it was less good for a bank or building society concentrated in mortgages, Woods told the Building Societies Association. High loan-to-value ratios and higher loan-to-income home loans can be well captured by the BoE's capital requirements.
I have a mortgage with Tesco. The terms and conditions which underpin your mortgage agreement will remain in place, and that includes the rate of interest you pay if you have a fixed-rate mortgage.
If any company can take a cryptocurrency mainstream, it is Facebook. Facebook’s answer, according to several people familiar with its secretive “Libra” project, will be to try to launch a “stablecoin”, a digital currency pegged to the dollar. If successful, the Facebook coin could not only allow payments and transfers within the Facebook empire, but could also be stored on digital wallets and spent in shops, or exchanged into traditional currencies.
Rating Action: Moody's affirms nine bonds within three classes of Liberty Revenue Refunding Bonds, Series 2012. Global Credit Research- 23 May 2019. Approximately $450 million of structured securities ...
of London Capital & Finance, which sold unregulated “mini-bonds” to retail customers, must not be “kicked into the long grass”. Nicky Morgan, the chair of the select committee to which the Treasury is answerable, expressed dismay that an independent investigation of the scandal will not be concluded for another year. LCF’s collapse has left more than 11,500 bondholders, many of whom were first-time investors or pensioners, wondering if they will ever get their money back.
Loot, the digital current account aimed at students and millennials, hascalled in administrators after appearing to have run out of cash
from Royal Bank of Scotland, after the state-owned bank backed out of a potential deal to buy the whole company. Loot was forced to call in Smith & Williamson on Wednesday after efforts to raise fresh investment failed last week. Mr Shinners said a deal could be finalised “within days”, preventing any disruption to Loot’s more than 200,000 customers.
Britain's opposition Labour Party wants to nationalise energy and water infrastructure if it can oust Prime Minister Theresa May's ruling Conservatives from power, reversing decades of pro-privatisation public policy. Despite a national election not being due until 2022, the prospect of nationalisation is worrying investors. Analysts have valued the regulated asset values of water and energy networks potentially facing nationalisation at around 125 billion pounds.
BRUSSELS/LONDON (Reuters) - Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market. Banks have been hit with billions of dollars in penalties worldwide over the last decade for the rigging of benchmarks used in many day-to-day financial transactions, further damaging the industry's fragile reputation after the financial crisis.
Barclays, Citigroup, J.P. Morgan, MUFG and Royal Bank of Scotland have been fined a total of 1.07 billion euros ($1.2 billion) by EU antitrust regulators for rigging the spot foreign exchange market for 11 currencies. Swiss bank UBS was exempted from a 285 million euro fine since it alerted the existence of two cartels to the European Commission. A similar case with the U.S. regulators is ongoing where Barclays, BNP Paribas, Citigroup, J.P. Morgan, Royal Bank of Scotland and UBS have entered related guilty pleas, and been collectively fined more than $2.8 billion.
A legal duty for banks to act in the best interests of their customers may be needed, British lawmakers said on Monday, piling pressure on regulators to step up protection of consumers after a string of mis-selling scandals spanning decades. British lenders have paid more than 30 billion pounds since 2007 in redress to customers missold endowment mortgages, pensions and payment protection insurance. Banks and other financial firms are not legally required to put customers' interests ahead of their own.
Momentum is building for independent checks on the capital buffers of banks, a senior accounting executive has said, with Metro and Co-operative banks a reminder of what happens when things go wrong. Following a request from the Bank of England, the ICAEW, a professional accounting body, designed a framework for independent checks on how banks calculate their ratio of capital to risky assets, a closely-watched measure of health. Michael Izza, chief executive of the ICAEW, said the idea of independent checks was gathering momentum.
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Barclays, Citigroup , HSBC, JPMorgan and three other banks are set to be fined by EU antitrust regulators in coming weeks for rigging the multi-trillion dollar foreign exchange market, two people familiar with the matter said. The other three lenders are Royal Bank of Scotland, UBS and a small Japanese bank, the people said. In contrast, Credit Suisse, which has previously said it did not find any evidence of misconduct, is fighting the EU antitrust charge.
May 10 (Reuters) - Britain's FTSE 100 index is expected to open 22 points higher at 7,229 on Friday, according to financial bookmakers. * BARCLAYS, RBS, HSBC: Barclays, HSBC, and Royal Bank of Scotland ...
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 in a case that was backed by Unite's legal services unit, the union said in a statement. "We take a fair and inclusive approach to setting pay and career progression and do not pay our colleagues differently for doing the same job because of their gender," an RBS spokesman said in an email.
While Britain debates the merits of a second Brexit referendum, London's financial centre is steering clear of the argument, resigned to the need to shift some business elsewhere. Burned by backing the ill-fated Remain campaign three years ago, major global and British banks told Reuters they would shy away from taking a similar position in a new vote, preferring to spend time and money on "future-proofing" their business, including tackling outdated technology and moving into new markets. A Reuters survey of leadership attitudes at 17 British and global banks found just six of the 11 institutions who responded to the survey backed the idea of a People's Vote to break a parliamentary impasse on a proposed exit deal.
Britain will keep one penny and two pence coins in circulation, finance minister Philip Hammond announced on Friday, a year after saying they were obsolete and usually hoarded in jam jars or even binned. The ministry estimates that 2.2 million people in Britain rely on cash because they don't have a bank account or for other reasons. Debit cards overtook cash for the first time in 2017 as the most frequently used payment method in Britain, and some outlets no longer accept cash as a form of payment.
British water and power firms are trying to soothe nerves over nationalisation in the event of a Labour government, although some fund managers and lawyers doubt so-called Corbyn-proofing will work. Jeremy Corbyn, the opposition leader, has said the state would take control of Britain's water, electricity, gas and railway operators, as well as Royal Mail and Royal Bank of Scotland if Labour wins power. The privatisation of utilities, which began in the 1980s under Margaret Thatcher's Conservatives, has been a divisive issue.