RBS.L - The Royal Bank of Scotland Group plc

LSE - LSE Delayed price. Currency in GBp
297.30
0.00 (0.00%)
At close: 4:35PM GMT
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Previous close297.30
Open296.20
Bid290.00 x 654700
Ask299.70 x 41000
Day's range294.76 - 298.30
52-week range214.80 - 303.00
Volume6,871,919
Avg. volume11,741,883
Market cap35.513B
BetaN/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Reuters16 hours ago

    RBS offers support to customers hit by collapse of Carillion

    The Royal Bank of Scotland (RBS.L) on Friday announced a range of measures for individual customers hit by the collapse of construction outsourcing company Carillion (CLLN.L). RBS's move follows on from a total of 225 million pounds in funding that Britain's major lenders on Thursday offered to small business customers hit by Carillion's liquidation.

  • Sky sources: Carillion collapsed with £5bn of financial liabilities
    Sky Newsyesterday

    Sky sources: Carillion collapsed with £5bn of financial liabilities

    Carillion (Frankfurt: 924047 - news) , the bankrupt construction group, had financial liabilities worth about £5bn when it went bust this week, according to the most extreme calculation of its obligations to tens of thousands of pension scheme members. Sky News can reveal that private analysis of Carillion's pension deficit on a Section 75 - or full buyout - basis has concluded that it was as high as £2.6bn, a far higher sum than the £587m accounting deficit referred to by its former chief executive in a High Court witness statement. The £2.6bn figure relates to the cost to Carillion of paying an insurance company to guarantee all of its pension liabilities, and is significant because it is likely to be the sum claimed on behalf of the pension schemes as part of the liquidation process, according to insiders.

  • Why I’d still sell Carpetright plc even after today’s 40% discount
    Fool.co.ukyesterday

    Why I’d still sell Carpetright plc even after today’s 40% discount

    Things could go from bad to worse for Carpetright plc (LON: CPR).

  • Reutersyesterday

    London finance chief sees fewer jobs shifting because of Brexit

    Britain's vast financial services industry will suffer far fewer job losses from Brexit than first feared, the City of London's policy chief told Reuters, in remarks that will boost supporters of leaving the EU who say the threat has been exaggerated. Home to the world's highest number of banks and largest commercial insurance market, the City of London is scrambling to prepare for the loss of easy access to the European trading bloc, its most serious threat since the 2007-2009 financial crisis. Catherine McGuinness, the political leader of the historic municipal body at the heart of London, said the outlook for the industry had brightened after Britain and the European Union last month agreed to the principle of a transition deal and to talks about future trade relationships.

  • Reuters2 days ago

    British lawmaker points to Santander UK chief in scandal over RBS restructuring unit

    A British lawmaker on Thursday put the boss of Santander UK at the centre of a growing political storm over the Royal Bank of Scotland's (RBS) treatment of small businesses during and after the financial crisis. Vince Cable, leader of the Liberal Democrats, said in a parliamentary debate that Nathan Bostock, who held a number of senior roles at RBS including that of head of restructuring and risk, bore some responsibility for the conduct of the bank's Global Restructuring Group (GRG).

  • Reuters - UK Focus2 days ago

    British lawmaker points to Santander UK chief in scandal over RBS restructuring unit

    A British lawmaker on Thursday put the boss of Santander UK (LSE: 44RS.L - news) at the centre of a growing political storm over the Royal Bank of Scotland (LSE: RBS.L - news) 's (RBS) treatment of small businesses during and after the financial crisis. Vince Cable, leader of the Liberal Democrats, said in a parliamentary debate that Nathan Bostock, who held a number of senior roles at RBS including that of head of restructuring and risk, bore some responsibility for the conduct of the bank's Global Restructuring Group (GRG).

  • Reuters2 days ago

    LPC-UK banks bear the brunt of Carillion's collapse

    Five UK banks are facing heavy losses on loans to Carillion, after irreconcilable differences between the company, its lenders and the government pushed the UK construction and services group into liquidation on Monday, sources said. Royal Bank of Scotland (RBS), HSBC, Santander, Lloyds and Barclays are among the most heavily exposed after providing £140m of emergency loans in September 2017 and are also lenders on a £790m revolving credit facility.

  • Reuters - UK Focus2 days ago

    Britain's banks provide support for firms hit by Carillion collapse

    Britain's biggest banks have announced a range of measures to support firms and contractors hit by the collapse of construction outsourcing company Carillion (Frankfurt: 924047 - news) . The banks, including the Royal Bank of Scotland, Lloyds Banking Group and HSBC, said on Thursday they would open funds for business customers in Carillion's supply chain.

  • Reuters2 days ago

    Britain's banks provide support for firms hit by Carillion collapse

    Britain's biggest banks have announced a range of measures to support firms and contractors hit by the collapse of construction outsourcing company Carillion. The banks, including the Royal Bank of Scotland, Lloyds Banking Group and HSBC, said on Thursday they would open funds for business customers in Carillion's supply chain.

  • Ministers set up Carillion collapse task force to support companies and workers
    Sky News2 days ago

    Ministers set up Carillion collapse task force to support companies and workers

    Ministers have set up a task force involving businesses and trade unions to support companies and workers affected by the collapse of Carillion (Frankfurt: 924047 - news) . The construction and outsourcing giant, employing 43,000 people including 20,000 in Britain and engaged in a variety of public sector contracts, went into liquidation earlier this week. Carillion was left mired in £1.3bn of debt as well as being saddled with a £600m pensions deficit.

  • Reuters3 days ago

    'Just Hit Budget!' bankers at RBS restructuring unit told during crisis - memo

    Royal Bank of Scotland (RBS.L) staff helping small firms to restructure debt during the financial crisis were given a list of ways to squeeze more money from struggling clients and told to "Just Hit Budget!", a memo released on Wednesday showed. The release of the 2008 document by the British Parliament's Treasury Select Committee (TSC) comes ahead of a debate by lawmakers on Thursday on the treatment of small business customers by the bank's Global Restructuring Group (GRG). State-owned RBS has acknowledged some bad practice at the unit and set aside 400 million pounds ($555 million) to cover the bill for claims against it.

  • Reuters3 days ago

    'Just Hit Budget!' bankers at RBS restructuring unit told during crisis: memo

    Royal Bank of Scotland (RBS.L) staff helping small firms to restructure debt during the financial crisis were given a list of ways to squeeze more money from struggling clients and told to "Just Hit Budget!", a memo released on Wednesday showed. The release of the 2008 document by the British Parliament's Treasury Select Committee (TSC) comes ahead of a debate by lawmakers on Thursday on the treatment of small business customers by the bank's Global Restructuring Group (GRG). State-owned RBS has acknowledged some bad practice at the unit and set aside 400 million pounds ($555 million) to cover the bill for claims against it.

  • Reuters - UK Focus3 days ago

    'Just Hit Budget!' bankers at RBS restructuring unit told during crisis - memo

    Royal Bank of Scotland (LSE: RBS.L - news) staff helping small firms to restructure debt during the financial crisis were given a list of ways to squeeze more money from struggling clients and told to "Just Hit Budget!", a memo released on Wednesday showed. The release of the 2008 document by the British Parliament's Treasury Select Committee (TSC (Shenzhen: 000877.SZ - news) ) comes ahead of a debate by lawmakers on Thursday on the treatment of small business customers by the bank's Global Restructuring Group (GRG). State-owned RBS has acknowledged some bad practice at the unit and set aside 400 million pounds ($555 million) to cover the bill for claims against it.

  • Lloyds keeps cash bonus cap despite return to private ownership
    Sky News3 days ago

    Lloyds keeps cash bonus cap despite return to private ownership

    Britain‎'s biggest retail bank is to retain a £2,000 cap on cash bonuses even after being freed from the shackles of partial state ownership last year. Sky News has learnt that Lloyds Banking Group is expected to continue with the limit on ‎cash payouts, nearly a decade after it was imposed by the then-Labour government. The decision, which is provisional and remains subject to change, reflects a desire within Lloyds' boardroom to demonstrate restraint on staff pay against a backdrop of improved financial performance, according to insiders.

  • Reuters3 days ago

    UK banks take steps to ease fallout from Carillion collapse

    Britain's banks are offering overdraft extensions and other emergency measures to help firms hit by the collapse of construction company Carillion, the banking sector's trade body said on Wednesday. Britain's biggest corporate failure in a decade took place after banks pulled the plug, but UK Finance said lenders were taking steps to ease the impact on small firms affected by the liquidation.

  • Reuters - UK Focus3 days ago

    UK banks take steps to ease fallout from Carillion collapse

    Britain's banks are offering overdraft extensions and other emergency measures to help firms hit by the collapse of construction company Carillion (Frankfurt: 924047 - news) , the banking sector's trade body said on Wednesday. Britain's biggest corporate failure in a decade took place after banks pulled the plug, but UK Finance said lenders were taking steps to ease the impact on small firms affected by the liquidation. "UK banks and the government are working closely to make sure the impact of the Carillion liquidation on small and medium enterprises in the supply chain is understood and managed in a way that best supports those in need of assistance," UK Finance said in a statement.

  • Reuters3 days ago

    RBS pulled plug on Carillion days before collapse

    Carillion collapsed only days after Royal Bank of Scotland (RBS), one of the British group's main lenders, tightened the terms of its funding, court documents show. The RBS decision three days before the collapse served to weaken attempts to protect Carillion's cash position, the construction and services company's interim CEO Keith Cochrane said in a statement submitted to the High Court in London.

  • Carillion probe fast-tracked and 'extended in scope'
    Sky News4 days ago

    Carillion probe fast-tracked and 'extended in scope'

    An investigation into the collapse of construction giant Carillion (Frankfurt: 924047 - news) will be fast-tracked and "extended in scope". Business Secretary Greg Clark gave the order that will see company directors past and present probed to discover if they "caused detriment to those owed money". Later on Tuesday, Mr Clark held a meeting with the leaders of the TUC and Unite trade unions.

  • Reuters4 days ago

    Britain's RBS pulled plug on Carillion days before collapse

    Carillion collapsed only days after Royal Bank of Scotland (RBS)(RBS.L), one of the British group's main lenders, tightened the terms of its funding, court documents show. The RBS decision three days before the collapse served to weaken attempts to protect Carillion's cash position, the construction and services company's interim CEO Keith Cochrane said in a statement submitted to the High Court in London.

  • Reuters - UK Focus4 days ago

    Britain's RBS pulled plug on Carillion days before collapse

    Carillion (Frankfurt: 924047 - news) collapsed only days after Royal Bank of Scotland (LSE: RBS.L - news) (RBS), one of the British group's main lenders, tightened the terms of its funding, court documents show. The RBS decision three days before the collapse served to weaken attempts to protect Carillion's cash position, the construction and services company's interim CEO Keith Cochrane said in a statement submitted to the High Court in London.

  • Reuters - UK Focus4 days ago

    British regulator told to apologise to RBS whistleblower

    Britain's markets regulator has been told to apologise to a former Royal Bank of Scotland (LSE: RBS.L - news) employee after it offered "unconvincing" arguments for why it revealed his identity to the bank in a whistleblower case in 2013. The Financial Regulators Complaints Commissioner, which handles complaints against watchdogs, said on Tuesday that the Financial Conduct Authority (FCA) had failed to take sufficient care to establish whether the complainant had sought anonymity. "I have found some of the FCA's arguments unconvincing: they have sought to justify the disclosure (to the bank) through inferring reasons when there is no contemporaneous record to confirm it," said Complaints Commissioner Antony Townsend in a statement.

  • Reuters - UK Focus4 days ago

    Carillion rescue hopes were undermined by British banks, court documents show

    The collapse of Carillion (Frankfurt: 924047 - news) came only days after one of the British group's main lenders, Royal Bank of Scotland (RBS (LSE: RBS.L - news) ), tightened terms on its funding, court documents show. The RBS decision three days before the collapse served to weaken attempts to protect Carillion's cash position, the construction and services company's interim CEO Keith Cochrane said in a statement submitted to the High Court in London.

  • Revealed: State-backed RBS's role in collapse of Carillion
    Sky News4 days ago

    Revealed: State-backed RBS's role in collapse of Carillion

    The taxpayer-backed Royal Bank of Scotland (LSE: RBS.L - news) (RBS) tightened the terms of its funding to the stricken Government contractor Carillion (Frankfurt: 924047 - news) three days before it was forced to call in liquidators. Sky News has obtained a witness statement filed at the High Court by Keith Cochrane, its interim chief executive, which details the increasingly frenetic nature of efforts to rescue the company. Carillion collapsed on Monday, raising doubts about the future of more than 19,000 UK staff and igniting a political firestorm over ministers' handling of the crisis.

  • Carillion collapse: Private sector workers' pay runs out on Wednesday
    Sky News4 days ago

    Carillion collapse: Private sector workers' pay runs out on Wednesday

    Workers employed by Carillion (Frankfurt: 924047 - news) on private sector contracts will receive no pay after Wednesday unless other companies step in to take them on. Employees on public sector contracts will continue to be paid. A helpline is being set up for those staff affected, with ministers also aiming to assist sub-contractors of Carillion.

  • Carillion collapse: Minister claims there is 'no chaos' as Govt battles with fallout
    Sky News5 days ago

    Carillion collapse: Minister claims there is 'no chaos' as Govt battles with fallout

    A top minister has insisted there's "no evidence of chaos" amid the collapse of Carillion (Frankfurt: 924047 - news) as he defended the Government's awarding of contracts to the now-bust construction firm. Cabinet Office minister David Lidington chaired a meeting of the emergency COBRA committee on Monday night following the collapse of the major public service provider. Carillion, which employs 20,000 workers across Britain, held multi-million pound contracts across the work of Government before banks pulled the plug on the 200-year-old firm.

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