RBS.L - The Royal Bank of Scotland Group plc

LSE - LSE Delayed price. Currency in GBp
125.10
+3.25 (+2.67%)
At close: 4:36PM BST
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Previous close121.85
Open124.95
Bid124.80 x 0
Ask124.80 x 0
Day's range123.75 - 127.90
52-week range2.23 - 265.00
Volume16,632,483
Avg. volume29,464,924
Market cap15.168B
Beta (5Y monthly)1.48
PE ratio (TTM)5.56
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date26 Mar 2020
1y target estN/A
  • Coronavirus: Banks could lose up to £10bn on defaulted payments
    Yahoo Finance UK

    Coronavirus: Banks could lose up to £10bn on defaulted payments

    As job losses increase, customers will be asked to resume their payments on mortgages, personal loans and credit cards.

  • Starling CEO Anne Boden on Bounce Back loans and growing during COVID-19 pandemic
    Yahoo Finance UK

    Starling CEO Anne Boden on Bounce Back loans and growing during COVID-19 pandemic

    Starling has hired 100 new staff during lockdown, while rivals have been forced to let people go.

  • Is this the best long-term stock to buy for your ISA after the stock market crash?
    Fool.co.uk

    Is this the best long-term stock to buy for your ISA after the stock market crash?

    Are you looking to invest £2k after the stock market crash? I’d recommend buying this bargain FTSE 100 stock for your ISA today. The post Is this the best long-term stock to buy for your ISA after the stock market crash? appeared first on The Motley Fool UK.

  • Is it worth buying RBS shares now they’re cheap?
    Fool.co.uk

    Is it worth buying RBS shares now they’re cheap?

    RBS shares look cheaper than they have been for many years, but this may not last for long if the economy returns to growth. The post Is it worth buying RBS shares now they’re cheap? appeared first on The Motley Fool UK.

  • What does the future hold for the Royal Bank Of Scotland share price?
    Stockopedia

    What does the future hold for the Royal Bank Of Scotland share price?

    The Royal Bank Of Scotland (LON:RBS) share price has risen by 9.83% over the past month and it’s currently trading at 121.174. For investors considering whethe...

  • Royal Bank of Scotland to Cut U.S. Jobs Amid Broader Reform
    Zacks

    Royal Bank of Scotland to Cut U.S. Jobs Amid Broader Reform

    Royal Bank of Scotland (RBS) is planning to cut almost a quarter of jobs in the United States as part of its broader restructuring initiative.

  • RBS to cut around a quarter of U.S. jobs - sources
    Reuters

    RBS to cut around a quarter of U.S. jobs - sources

    Royal Bank of Scotland <RBS.L> has begun a major restructuring in its overseas investment banking operations, cutting almost a quarter of full-time staff in the United States, two sources with knowledge of the plan told Reuters. The second source said the layoffs in the United States, where it employs 400 people, were the first in a broader plan to cut between 20-30% of NatWest Markets' non-UK workforce, with an undisclosed number of redundancies also being considered across Asia. "In line with the multi-year process announced in February, we continue to progress our plan to refocus NatWest Markets on activities which directly support the bank's core customers and on areas where we will have a more stable and consistent revenue stream," a spokeswoman for NatWest Markets said.

  • Fintech Zopa set to launch first banking products
    Yahoo Finance UK

    Fintech Zopa set to launch first banking products

    Zopa has been granted a full banking licence with no restrictions, allowing it to launch its fixed savings account and credit card to the public later this year.

  • Coronavirus: Emergency credit card, loan, and overdraft relief to be extended
    Yahoo Finance UK

    Coronavirus: Emergency credit card, loan, and overdraft relief to be extended

    The Financial Conduct Authority wants banks and credit card providers to offer payment holidays and interest free overdrafts for another three months.

  • Coronavirus: Banks brace for surge in COVID-19 complaints
    Yahoo Finance UK

    Coronavirus: Banks brace for surge in COVID-19 complaints

    The chair of the new Business Banking Resolution Service says he is expecting a wave of complaints to arise from the COVID-19 crisis.

  • UK Finance boss quits over historic sexist comments
    Yahoo Finance UK

    UK Finance boss quits over historic sexist comments

    Stephen Jones has quit after details of 'deeply unpleasant comments' he made about Amanda Staveley in 2008 came to light in a High Court case.

  • Challenger banks trounce high street rivals on international payments
    Yahoo Finance UK

    Challenger banks trounce high street rivals on international payments

    The cost of sending £100 to a US bank account ranged from completely free to almost £30 — a third of the cash being sent.

  • RBS hands Robert Begbie permanent role in charge of investment bank
    Reuters

    RBS hands Robert Begbie permanent role in charge of investment bank

    Royal Bank of Scotland <RBS.L> said on Thursday it has named Robert Begbie as chief executive of NatWest Markets (NWM), after a successful phase in interim charge of the embattled investment banking unit. The bank also said David King, former chief executive of MUFG Securities in EMEA, had been appointed chief financial officer of NWM, replacing Robert Horrocks.

  • Coronavirus: Calls for interest rate cap for banks
    Yahoo Finance UK

    Coronavirus: Calls for interest rate cap for banks

    The Fairbanking Foundation is calling for 'significant intervention by government and regulators' to limit high cost credit.

  • £5k to invest today? I’d buy these 2 bargain FTSE 100 stocks in an ISA
    Fool.co.uk

    £5k to invest today? I’d buy these 2 bargain FTSE 100 stocks in an ISA

    These two FTSE 100 (INDEXFTSE:UKX) stocks could offer long-term growth potential, in my opinion, after their recent declines.The post £5k to invest today? I’d buy these 2 bargain FTSE 100 stocks in an ISA appeared first on The Motley Fool UK.

  • Coronavirus: Monzo to lay off 120 staff
    Yahoo Finance UK

    Coronavirus: Monzo to lay off 120 staff

    Staff were told of the cuts in a memo on Wednesday. The company described the decision as 'genuinely heartbreaking.'

  • Bank of England tells banks to 'prepare' for no deal Brexit
    Yahoo Finance UK

    Bank of England tells banks to 'prepare' for no deal Brexit

    Governor Andrew Bailey held a call with bank chief executives and told them to get ready for the possibility that trade talks between the EU and UK could fail.

  • Coronavirus: £20bn lent to businesses under 'Bounce Back' scheme amid default fears
    Yahoo Finance UK

    Coronavirus: £20bn lent to businesses under 'Bounce Back' scheme amid default fears

    Banking executives warned this week that as many as 50% of Bounce Back loans could eventually go bad, leaving the taxpayer with billions in losses.

  • Have UK bank stocks like Lloyds and RBS become uninvestable?
    Fool.co.uk

    Have UK bank stocks like Lloyds and RBS become uninvestable?

    G A Chester discusses UK bank stocks Lloyds and Royal Bank of Scotland. Are they safe, utility-like stocks or uninvestable?The post Have UK bank stocks like Lloyds and RBS become uninvestable? appeared first on The Motley Fool UK.

  • U.S. judge orders 15 banks to face big investors' currency rigging lawsuit
    Reuters

    U.S. judge orders 15 banks to face big investors' currency rigging lawsuit

    A U.S. judge on Thursday said institutional investors, including BlackRock Inc <BLK.N> and Allianz SE's <ALVG.DE> Pacific Investment Management Co, can pursue much of their lawsuit accusing 15 major banks of rigging prices in the $6.6 trillion-a-day foreign exchange market. U.S. District Judge Lorna Schofield in Manhattan said the nearly 1,300 plaintiffs, including many mutual funds and exchange-traded funds, plausibly alleged that the banks conspired to rig currency benchmarks from 2003 to 2013 and profit at their expense. "This is an injury of the type the antitrust laws were intended to prevent," Schofield wrote in a 40-page decision.

  • CoCo Bond Investors Face a Covid-19 Reckoning
    Bloomberg

    CoCo Bond Investors Face a Covid-19 Reckoning

    (Bloomberg Opinion) -- The Covid-19 pandemic is even starting to affect the highly specialized world of bank capital.Lloyds Banking Group Plc, a large British lender, has just become the third European bank this year to do what was once unthinkable and decline to redeem an outstanding “CoCo” bond at its first call date. This form of hybrid debt — also known as additional tier 1 (or AT1) regulatory capital — is especially risky because the investor bears the losses if the bank fails, and it usually pays a generous interest rate.Because of their special status, there had always been a tacit understanding — though not a legal obligation — that investors would be able to cash in the bonds at the first redemption date, if they so chose, at least with European CoCos. But that tradition looks to be well and truly over among the stronger banks.Lloyds cited “extraordinary market challenges presented by Covid-19” as the reason to extend its own AT1s. With its dividend payments to equity holders suspended currently at the behest of the U.K. financial regulator, because of the coronavirus crisis, it would have looked rum indeed if the bank had cut its equity capital for the benefit of a small group of bondholders. This select bunch ought to have known the risk.The financial savings for Lloyds are just as relevant. By retaining the 6.375% 750 million-euro ($824 million) CoCo, it will switch to paying a floating coupon just above 5%. If it had redeemed the AT1 and issued a replacement bond, it would have had to offer a higher coupon to reflect the current market, probably one above 7%.Lloyds has a solid Tier 1 capital base of 16.9%, so in normal times it would have been expected to keep its bond investors happy. But regulatory pressure and the increase in yields on risky debt during the current crisis has forced even the better capitalized banks to prioritize their financing costs.Spain’s Banco Santander SA set the precedent last year of a blue-chip lender not redeeming its AT1 debt out of pure economic self-interest. That’s standard practice in the U.S. market, but Santander’s action caused a storm here in Europe. Germany’s Deutsche Bank AG and Aareal Bank AG have also skipped calls this year.This Americanization of the European CoCo market looks like a trend. ABN Amro Bank NV and Royal Bank of Scotland Group Plc both have AT1 bonds with calls due this summer, and Barclays Plc is due later in the year. They may follow the Lloyds example and retain cheap AT1 capital raised at lower yields.Banks have benefited hugely from AT1 issues as regulators count it as permanent equity (although it was almost always redeemed), meaning it counts toward capital buffers. And the cost is much lower for the issuer than true perpetual debt. Investors have been happy to play along as the yields far exceed those on bank debt with legally enforceable redemption dates.The Lloyds move is a wake-up call for AT1 investors.While the bigger banks’ CoCo bonds will probably still be popular, even if the call date is no longer guaranteed implicitly, the change might do more damage to weaker lenders. If investors no longer feel confident that their money will automatically be returned at the first redemption date, they’ll demand a higher return for the risk.The CoCo market only reopened tentatively this month with a new Bank of Ireland Group Plc deal. The Irish lender did what Lloyds refused to do and redeemed its existing AT1 and reissued at a higher cost. At least it managed to keep its investors happy and on board.This new separation between large stable banks being able to act according to their own economic advantage, while smaller rivals have to offer chunkier premiums, is a worry for the health of the financial system. It ought to be an urgent matter for consideration by European regulators. Forcing the strong banks to keep capital has consequences for their less illustrious peers.  This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Marcus Ashworth is a Bloomberg Opinion columnist covering European markets. He spent three decades in the banking industry, most recently as chief markets strategist at Haitong Securities in London.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • 'Significant majority' of RBS staff home-workers to remain in place until September - memo
    Reuters

    'Significant majority' of RBS staff home-workers to remain in place until September - memo

    Royal Bank of Scotland <RBS.L> Chief Executive Alison Rose said on Thursday a "significant majority" of more than 50,000 staff working from home since the coronavirus lockdown would continue to do so until September, according to a memo seen by Reuters. RBS has also temporarily banned hot-desking and said it would place at least one empty desk in between people to ensure social distancing. Since lockdown started, around 10,000 staff have continued to work in branches and some offices.

  • 'Significant majority' of RBS staff home-workers to remain in place until Sept - memo
    Reuters

    'Significant majority' of RBS staff home-workers to remain in place until Sept - memo

    Royal Bank of Scotland Chief Executive Alison Rose said on Thursday a "significant majority" of more than 50,000 staff working from home since the coronavirus lockdown would continue to do so until September, according to a memo seen by Reuters. RBS has also temporarily banned hot-desking and said it would place at least one empty desk in between people to ensure social distancing. Since lockdown started, around 10,000 staff have continued to work in branches and some offices.

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