RBS.L - The Royal Bank of Scotland Group plc

LSE - LSE Delayed Price. Currency in GBp
294.40
-1.60 (-0.54%)
At close: 4:35PM BST
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Previous Close296.00
Open295.70
Bid260.00 x 654700
Ask300.00 x 41000
Day's Range292.50 - 296.20
52 Week Range239.60 - 304.20
Volume19,435,855
Avg. Volume18,431,115
Market Cap35.353B
Beta0.36
PE Ratio (TTM)27.51
EPS (TTM)10.70
Earnings DateAug 3, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2008-03-05
1y Target Est292.83
  • Reuters2 days ago

    Nationwide weighs business banking push as profit falls 7 percent

    Nationwide Building Society (POB_p.L), one of Britain's three biggest mortgage providers, is planning to push into the business banking market after annual profit fell 7 percent amid intense competition in the market for home loans. Nationwide said it has applied for a 50 million pound grant as part of a 775 million pound package of funding that rival Royal Bank of Scotland (RBS.L) is being compelled to disburse to boost competition in the market. If its application is successful, Nationwide said it would launch a business current account to compete in a market dominated by Britain's five biggest banks with 85 percent of business accounts between them.

  • ACCESSWIRE6 days ago

    Breakfast Technical Briefing on Banco Santander and Three Other Banking Stocks

    Stock Research Monitor: LYG, RBS, and UBS LONDON, UK / ACCESSWIRE / May 18, 2018 / If you want a free Stock Review on SAN sign up now at www.wallstequities.com/registration . Today's attention is redirected ...

  • Santander Poised to Apply For RBS Small Business Lending Funds
    Bloomberg7 days ago

    Santander Poised to Apply For RBS Small Business Lending Funds

    Banco Santander SA has its eyes on some of Royal Bank of Scotland Group Plc’s businesses again. The British unit of Spain’s biggest bank plans to apply for a slice of the 775 million pounds ($1 billion) of funds that RBS agreed to make available to stimulate competition in the U.K. small-business lending market. The European Union accepted an RBS proposal to make the funds available after the bank failed to sell its Williams & Glyn unit.

  • Reuters7 days ago

    Exclusive: RBS lawyers ask ex-staffer to destroy documents, DOJ informed

    Lawyers for Royal Bank of Scotland asked an ex-employee to destroy confidential documents, according to a letter seen by Reuters, in a move which the former staffer's lawyer said put him at risk of legal action by the U.S. government. The letter, dated Jan. 18 and signed by Herbert Smith Freehills, a British law firm acting for the bank, asked Victor Hong to "permanently destroy any confidential materials in his possession" obtained via litigation disclosures or during his employment in breach of his separation agreement with the bank. Hong resigned from RBS in Nov. 2007, less than two months after joining as a managing director for risk management and head of fixed-income independent price verification at the bank's U.S. division, Greenwich Capital.

  • Exclusive: RBS lawyers ask ex-staffer to destroy documents, DOJ informed
    Reuters7 days ago

    Exclusive: RBS lawyers ask ex-staffer to destroy documents, DOJ informed

    Lawyers for Royal Bank of Scotland (RBS.L) asked an ex-employee to destroy confidential documents, according to a letter seen by Reuters, in a move which the former staffer's lawyer said put him at risk of legal action by the U.S. government. The letter, dated Jan. 18 and signed by Herbert Smith Freehills, a British law firm acting for the bank, asked Victor Hong to "permanently destroy any confidential materials in his possession" obtained via litigation disclosures or during his employment in breach of his separation agreement with the bank. Hong resigned from RBS in Nov. 2007, less than two months after joining as a managing director for risk management and head of fixed-income independent price verification at the bank's U.S. division, Greenwich Capital.

  • Reuters8 days ago

    Saudi bank merger helps RBS to shed assets, boost capital

    A merger of two Saudi banks, announced on Wednesday, will free Royal Bank of Scotland (RBS.L) of 4.9 billion pounds in assets it has been trying to shed for years and boost its core capital, a source familiar with the matter said. RBS has been trying to reduce its stake in Saudi Arabia's Alawwal Bank as part of efforts to shrink its balance sheet following its state bailout during the 2008 financial crisis. The 18.6 billion riyal (3.7 billion pound) deal between Alawwal and larger rival Saudi British Bank (SABB) will reduce RBS's stake in the merged group to around 5 percent, compared to a stake of around 15 percent in Alawwal, the source said.

  • HSBC Bids for RBS Saudi Venture in $5 Billion Stock Deal
    Bloomberg8 days ago

    HSBC Bids for RBS Saudi Venture in $5 Billion Stock Deal

    HSBC Holdings Plc’s Saudi Arabia unit offered to pay a 29 percent premium to acquire Royal Bank of Scotland Group Plc’s local venture in a $5 billion stock deal. Bloomberg's Matthew Martin reports on "Bloomberg ...

  • Reuters8 days ago

    SABB and Alawwal agree $5 billion merger to create Saudi's third largest bank

    Saudi British Bank (SABB) and Alawwal Bank have agreed a merger to create Saudi Arabia's third-biggest lender, in a $5 billion deal that marks the first major banking tie-up in the kingdom in two decades. The agreement, announced by the two banks on Wednesday but still non-binding, would create a lender with assets of around $77 billion, and is seen strengthening the banking system as Saudi Arabia embarks on a plan to transform its economy and cut its dependence on oil revenues. SABB is 40 percent owned by HSBC Holdings and Alawwal is 40 percent owned by RBS Holdings NV, a consortium that includes Royal Bank of Scotland (RBS), which has been trying to reduce its stake for some time.

  • Reuters8 days ago

    BRIEF-Saudi's SABB Says In Advaced Talks On Alawwal Bank Merger

    May 16 (Reuters) - SAUDI BRITISH BANK: * ANNOUNCES LATEST DEVELOPMENTS IN RELATION TO ITS PROPOSED MERGER WITH ALAWWAL BANK * CONFIRMS THAT DISCUSSIONS IN RELATION TO POSSIBLE MERGER ARE AT AN ADVANCED ...

  • HSBC, RBS Saudi Bank Ventures Reach Initial Deal on Merger Terms
    Bloomberg8 days ago

    HSBC, RBS Saudi Bank Ventures Reach Initial Deal on Merger Terms

    HSBC Holdings Plc and Royal Bank of Scotland Group Plc’s banking affiliates in Saudi Arabia reached an initial agreement on the terms of a possible merger. Alawwal Bank, which is 40 percent owned by RBS, and Saudi British Bank reached a preliminary, non-binding agreement on the share exchange ratio, according to a statement on the Saudi stock exchange on Wednesday. The deal would mark Saudi Arabia’s first bank merger for almost 20 years and will create an entity with about $73 billion in assets.

  • HSBC to Cement Lead in Saudi Arabia With $5 Billion Bank Merger
    Bloomberg8 days ago

    HSBC to Cement Lead in Saudi Arabia With $5 Billion Bank Merger

    HSBC Holdings Plc is set to reaffirm its position in Saudi Arabia with the takeover of Royal Bank of Scotland Group Plc’s local venture as lenders bet on the kingdom’s ambitious plans to transform its economy. In the country’s first bank merger in almost 20 years, HSBC affiliate Saudi British Bank offered to take over RBS-backed Alawwal Bank in a $5 billion stock deal. The deal would make SABB the country’s third-biggest lender.

  • Reuters8 days ago

    BRIEF-Saudi's Alawwal Bank Says In Advaced Talks On SABB Merger

    May 16 (Reuters) - ALAWWAL BANK: * ANNOUNCES THE LATEST DEVELOPMENTS IN RELATION TO PROPOSED MERGER WITH THE SAUDI BRITISH BANK (SABB) * CONFIRMS THAT DISCUSSIONS IN RELATION TO POSSIBLE MERGER WITH SAUDI ...

  • RBS Might Witness Huge Claims on Consequential Losses in GRG
    Zacks10 days ago

    RBS Might Witness Huge Claims on Consequential Losses in GRG

    Royal Bank of Scotland (RBS) continues to settle its past misconducts, going back to the time of financial crisis.

  • Bloomberg10 days ago

    RBS Is Set to Overtake Deutsche Bank as Europe's Most Penalized

    Royal Bank of Scotland Group Plc may overtake Deutsche Bank AG as the European lender with the highest disclosed legal bills since the financial crisis. RBS, which once ran one of the world’s largest securities firms, is set to pay a fine for misconduct by its investment bank. Its role in peddling mortgage-backed bonds that fueled the U.S. housing meltdown could cost RBS $4.9 billion, according to the terms of a tentative deal it reached with the U.S. Justice Department last week.

  • The Wall Street Journal13 days ago

    [$$] RBS in $4.9 Billion U.S. Settlement Over Mortgage-Backed Securities

    LONDON—Royal Bank of Scotland Group PLC has agreed to pay $4.9 billion to settle with the Justice Department over the sale of toxic mortgage-backed securities in the lead-up to the global financial crisis, clearing the path for the bank’s privatization. The U.K. government controlled bank said Wednesday it reached a civil settlement “in principle” with the Justice Department to end the long-running probe into the matter. The deal is at the low-end of what analysts had expected RBS to pay.

  • RBS boss plans to stay to oversee return to private ownership
    Reuters13 days ago

    RBS boss plans to stay to oversee return to private ownership

    Royal Bank of Scotland (RBS.L) chief executive Ross McEwan said he has a plan until 2020 and wants to see the bank returned to private hands, dismissing speculation he could leave in the near future after resolving its last big misconduct issue. Media reports suggested a search for McEwan's successor had intensified after RBS agreed a long-awaited $4.9 billion settlement with U.S. authorities on Thursday, clearing the way for re-privatisation and dividend payments. After more than five years as CEO of RBS, which is now far nearer to normality after a 45.5 billion pound state bailout in 2008, the 60-year-old regularly faces questions about his departure.

  • Reuters13 days ago

    RBS boss plans to stay to oversee return to private ownership

    Royal Bank of Scotland chief executive Ross McEwan said he has a plan until 2020 and wants to see the bank returned to private hands, dismissing speculation he could leave in the near future after resolving its last big misconduct issue. Media reports suggested a search for McEwan's successor had intensified after RBS agreed a long-awaited $4.9 billion settlement with U.S. authorities on Thursday, clearing the way for re-privatisation and dividend payments. After more than five years as CEO of RBS, which is now far nearer to normality after a 45.5 billion pound ($62 billion) state bailout in 2008, the 60-year-old regularly faces questions about his departure.

  • RBS reaches $4.9 billion deal to settle U.S. mortgage bond investigation
    Reuters13 days ago

    RBS reaches $4.9 billion deal to settle U.S. mortgage bond investigation

    WASHINGTON/BOSTON/LONDON (Reuters) - Royal Bank of Scotland (RBS.L) has agreed to pay a smaller-than-expected $4.9 billion (3.63 billion pounds) to resolve a U.S. investigation into its sale of mortgage-backed securities, paving the way for a long-awaited return of cash to UK taxpayers who bankrolled its post-crisis survival. RBS said that $3.46 billion of the proposed civil settlement would be covered by existing provisions and that the bank would take a $1.44 billion charge in the second quarter to cover the rest. Analysts had estimated the U.S. Department of Justice could impose a fine of up to $12 billion on RBS for mis-selling mortgage-backed securities in the run-up to the 2007-2008 financial crisis.

  • RBS Deal Points to Lighter Trump-Era Fines for Wells Fargo, UBS
    Bloomberg14 days ago

    RBS Deal Points to Lighter Trump-Era Fines for Wells Fargo, UBS

    If HSBC Holdings Plc, UBS Group AG and Wells Fargo & Co. were concerned that the Trump administration might continue the big-ticket bank penalties of the Obama era, there are mounting signs that they need not be. Royal Bank of Scotland Group Plc says it has reached a tentative deal with the Justice Department to pay $4.9 billion to resolve an investigation into its sale of toxic mortgage-backed securities a decade ago. The Justice Department, without citing a figure, confirmed a pact was near.

  • Reuters14 days ago

    European shares weighed by BT, utilities; Italy stocks slide

    European shares pulled lower on Thursday, weighed down by losses in BT following a disappointing update and weakness among utilities stocks, while political jitters hit Italian stocks. The banking sector (.SX7P) was a bright spot, however, with gains in RBS (RBS.L) following a multi-billion dollar deal to settle a U.S. investigation of the bank's bond sales, and a solid update from Italy's biggest bank UniCredit (CRDI.MI) helping limit losses on the pan-European STOXX 600 (.STOXX), which ended just 0.1 percent lower. RBS rallied 3.8 percent after it agreed to pay a smaller-than-expected $4.9 billion to resolve a U.S. investigation into its sale of mortgage-backed securities.

  • MarketWatch14 days ago

    Italian stocks lead Europe lower as populist parties seek to form government

    European stocks broke a four-day winning run on Thursday, with Italian shares dragging the benchmark index lower as euroskeptic parties moved closer to form a coalition government. The Stoxx Europe 600 index (^STOXX) fell 0.1% to 391.97, after closing at its highest level since Feb. 1 on Wednesday. The yield on 10-year Italian government bonds (XTUP:TMBMKIT-10Y=X) rose 6 basis points to 1.934%, according to Tradeweb.

  • FTSE sails on sterling slide after BoE
    Reuters14 days ago

    FTSE sails on sterling slide after BoE

    The UK's top share index hit a fresh 3-1/2 month high on Thursday after a decision by the Bank of England to keep rates on hold pushed sterling lower, while shares in Royal Bank of Scotland (RBS.L) surged after it settled a probe in the United States. The FTSE index closed 0.5 percent higher at 7,700.97 points, outperforming a slightly negative European market. Sterling dropped after the Bank of England held interest rates steady as expected, but trimmed some losses after Governor Mark Carney told the BBC that he expected a rate rise over the course of the next year if there are no shocks to the economy.

  • MarketWatch14 days ago

    FTSE 100 rises, pound slides after Bank of England cuts growth outlook

    Blue-chip stocks in the U.K. moved higher Thursday, extending gains as the pound slumped after the Bank of England cut its outlook for British inflation and economic growth. Royal Bank of Scotland PLC shares were climbing as the lender settled a U.S. legal complaint over risky loans. The FTSE 100 index (^FTSE) rose 0.5% to end at 7,700.97, scoring its highest close since Jan. 23, according to FactSet data.

  • Reuters14 days ago

    RBS to consider appeals for indirect losses to businesses in turnaround unit

    Royal Bank of Scotland will set up a process to consider appeals for alleged "consequential" losses suffered by businesses in its Global Restructuring Group (GRG), potentially opening the bank up to large claims for lost profits. The bank spelled out the change to the appeal process for companies allegedly harmed by its GRG unit in a letter to British junior finance minister John Glen seen by Reuters on Thursday.

  • MarketWatch14 days ago

    RBS rallies after $4.9 billion deal to settle with Department of Justice

    Royal Bank of Scotland Group PLC has agreed to pay $4.9 billion in a settlement with the U.S. Department of Justice over its role in the misselling of toxic mortgage-backed securities in the run-up to the financial crisis. In a statement out on Thursday, RBS (RBS.L) (RBS) said it has reached a civil settlement in principle with the U.S. to resolve a long-running investigation inked to its issuance and underwriting of U.S. residential mortgage-backed securities between 2005 and 2007. The proposed settlement is subject to the DOJ and RBS entering into a legally binding agreement.