RBS.L - The Royal Bank of Scotland Group plc

LSE - LSE Delayed price. Currency in GBp
290.10
-4.40 (-1.49%)
At close: 4:36PM BST
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Previous close294.50
Open294.10
Bid277.50 x 654700
Ask294.00 x 41000
Day's range288.80 - 294.70
52-week range239.60 - 304.20
Volume19,469,129
Avg. volume18,380,655
Market cap34.836B
Beta0.36
PE ratio (TTM)27.11
EPS (TTM)10.70
Earnings date3 Aug 2018
Forward dividend & yieldN/A (N/A)
Ex-dividend date2008-03-05
1y target est292.83
  • Santander Poised to Apply For RBS Small Business Lending Funds
    Bloomberg3 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.

  • Reuters4 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
    Reuters4 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.

  • Reuters5 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.

  • Reuters - UK Focus5 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 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 ($4.96 billion) 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
    Bloomberg5 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 ...

  • Reuters5 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.

  • Reuters - UK Focus5 days ago

    SABB and Alawwal agree $5 bln 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 (Frankfurt: 923893 - news) 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.

  • Reuters5 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
    Bloomberg5 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
    Bloomberg5 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.

  • Reuters5 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 ...

  • Reuters - UK Focus5 days ago

    UK draws record 37.8 bln stg investor demand for new 2071 bond

    Britain received a record 37.8 billion pounds ($51 billion) of demand at the launch of a new bond maturing in 2071, showing continued strong investor appetite for British government debt. The UK Debt Management Office said it would issue 6 billion pounds of the new bond, which was priced to yield 1.693 percent, a shade less than the 2068 gilt which it will overtake as the longest-maturity British government bond. The sale reinforces a picture of generally robust appetite for British government debt, which has shown little sign of slowing since June 2016's Brexit vote.

  • Reuters - UK Focus6 days ago

    UK 2071 gilt syndication draws over 27 bln stg in orders

    Investors placed orders worth more than 27 billion pounds at the launch of a new British government bond due to mature in October 2071, one of the bookrunners on the deal said on Tuesday. The gilt, which ...

  • RBS Might Witness Huge Claims on Consequential Losses in GRG
    Zacks6 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.

  • Bloomberg6 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 Journal9 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
    Reuters10 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.

  • Reuters - UK Focus10 days ago

    RBS boss plans to stay to oversee return to private ownership

    Royal Bank of Scotland (LSE: RBS.L - news) 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.

  • Reuters - UK Focus10 days ago

    RBS boss says more branch closures possible due to Williams & Glyn transfer

    Royal Bank of Scotland (LSE: RBS.L - news) could close more branches in England and Wales as a result of transferring customers to competitors from its Williams & Glyn unit, CEO Ross McEwan told LBC Radio on Friday. McEwan said more closures could come as a result of the transfer of around 120,000 small business customers to rivals to allay competition concerns following its 45.5 billion pound bailout in 2008, expected to complete by the end of the year.

  • RBS agrees £3.6bn settlement with US over mortgage probe
    Sky News10 days ago

    RBS agrees £3.6bn settlement with US over mortgage probe

    The tentative agreement means the government-owned bank would need to take a $1.44bn charge in the second quarter to pay the penalty. The government, which owns 71% of the RBS, paid $45.5bn to bail out the bank after the financial crisis. RBS chief executive Ross McEwan said this was a "milestone moment for the bank".

  • Reuters - UK Focus10 days ago

    Ex-forex trader indicted in U.S. over currency rigging

    A former foreign exchange trader was indicted on Thursday on a charge he conspired to rig trades, in connection with a broader probe into currency manipulation by major banks. The indictment said Akshay ...

  • RBS reaches $4.9 billion deal to settle U.S. mortgage bond investigation
    Reuters10 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.

  • Reuters - UK Focus10 days ago

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

    WASHINGTON/BOSTON/LONDON, May 10 (Reuters) - Royal Bank of Scotland has agreed to pay a smaller-than-expected $4.9 billion 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 (LSE: RBS.L - news) 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
    Bloomberg10 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.

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