|Bid||262.40 x 654700|
|Ask||262.40 x 41000|
|Day's Range||257.60 - 263.80|
|52 Week Range||200.10 - 297.40|
|Beta (3Y Monthly)||0.55|
|PE Ratio (TTM)||19.58|
|Earnings Date||Feb 21, 2019 - Feb 25, 2019|
|Forward Dividend & Yield||0.07 (2.63%)|
|1y Target Est||301.06|
LONDON, April 16 (Reuters) - Investors in Britain's Royal Bank of Scotland have been urged to vote against the bank's remuneration plans at next week's annual general meeting, as pay for top bosses at ...
Royal Bank of Scotland has been accused of “kicking people when they’re down” by enforcing aggressive debt collection policies against customers who own leasehold properties. The taxpayer-owned bank forces mortgage customers who fall into arrears owing to disputes with their freeholder or property management company to repay the debt within 12 months or face repossession, despite a longstanding legal precedent that allows most borrowers to repay mortgage arrears over the remaining term of their loan. Peter Bottomley, chair of the All-Party Parliamentary Group on Leasehold and Commonhold Reform, called on RBS to reverse the crisis-era policy, and said he would invite executives to explain their approach to the APPG and government.
Starling Bank has said its chief financial officer is stepping down, weeks after the fintech firm secured a series of major investments. Tony Ellingham joined Starling in 2015, having previously held senior positions at Nationwide and Lloyds Banking Group. On Friday, Starling said: “As part of its long term succession planning, Starling has begun a search for a new CFO.
Three years ago, Mark Bailie was trying to shrink what was once the world’s largest bank. before becoming the group’s chief operating officer in 2016, has taken charge as CEO of Bó, a new online-only bank RBS has created as a rival to the likes of Monzo and Revolut. — an online business bank — RBS is one of a smaller number of established groups trying to take on the digital challengers at their own game.
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A U.S. judge has dismissed a lawsuit seeking to hold nine large European banks liable for allegedly providing banking services to Iran that enabled militants to conduct 55 attacks against U.S. armed forces in neighboring Iraq. In a decision on Thursday, U.S. District Judge Laura Taylor Swain in Manhattan said the banks' alleged misconduct was too far removed from the attacks, which occurred from 2003 to 2011, to support civil liability under federal anti-terrorism laws. The U.S. Department of State has designated Iran a state sponsor of terrorism since 1984.
Britain's markets watchdog proposed changes on Tuesday to help banks unlock 30,000 "mortgage prisoners" trapped in poor deals since lending conditions were tightened after the financial crisis. The Financial Conduct Authority said the market was generally working well, but there were "considerable opportunities" to make it easier for borrowers to hunt for the best deals. "We do not believe that the mortgages market requires an intervention on pricing," the FCA said in final conclusions of its review of Britain's trillion-pound mortgage market, started in December 2016.
The development follows criticism from activists and John McDonnell, finance spokesman of Britain's opposition Labour Party, that high payments have led to diversion of cash from council services. RBS is aiming to wind down the loan portfolio by the end of the year, the newspaper report said, adding that the main method of executing the winding down is through loan redemptions.
The FTSE 100 bounced 0.9 percent, comfortably outperforming its European peers, as the pound dipped amid growing concern that a no-deal Brexit would become a reality. Many large UK-listed firms earn the bulk of their income abroad in foreign currencies and their shares benefit from a falling pound. The midcap FTSE 250, more domestically focussed, was 0.2 percent lower.
Sterling plunged as much 1.5 percent against the dollar Thursday as U.K. Prime Minister Theresa May gambled on getting her plan over the line with just over a week to go before the exit. Cable crumbled after the European Union told May that she can only have a short extension to delay Brexit if Parliament ratifies the divorce deal in a vote she wants to hold next week. The political turmoil shows no sign of easing despite the looming departure, with French President Emmanuel Macron saying if May’s plan fails to get Parliamentary approval again it would “guide everyone to a hard exit.” The pound could slump about 8 percent from current levels if the U.K. left the European Union without a deal, according to a Bloomberg survey.
Important news for shareholders and potential investors in The Royal Bank of Scotland Group plc (LON:RBS): The dividend payment of UK£0.11 per share will be distributed to shareholders on 30Read More...
The domestically-focussed FTSE 250, more exposed to outcomes of Brexit proceedings, rose 0.6 percent. Wednesday's parliamentary vote paved the way for another one on Thursday that could delay Britain's exit from the European Union until at least the end of June.
Britain's fiscal watchdog on Wednesday said it increased its estimate of the likely loss to taxpayers from the 2008 rescue of Royal Bank of Scotland to 31 billion pounds, up 2.4 billion pounds from October. The increase came mainly from four more months of servicing debt on the bailout, Britain's Office for Budget Responsibility said on the same day finance minister Philip Hammond set out his latest budget plans. The widening loss to Britain's government from the bailout came despite RBS paying a special dividend on its annual profits in 2018 for the first time in a decade.
The export-heavy main bourse and the more domestically-focused FTSE 250 were up 0.3 percent. Domestic banks and housebuilders gained ground on relief Britain may avoid a disorderly exit from the European Union after May got "legally binding" Brexit assurances from Brussels. Tuesday's rise in the main index was also aided by official data that showed Britain's economy picked up in January after a weak December but growth was still stuck in low gear ahead of Brexit.
By Helen Reid and Julien Ponthus LONDON (Reuters) - European shares ended flat on Tuesdat after a choppy session during which hopes British Prime Minister Theresa May would win support for her plans for ...
Irish shares outperformed the rest of the euro zone on Tuesday after European Commission President Jean-Claude Juncker and UK Prime Minister Theresa May agreed a new Brexit withdrawal deal to cope with ...