RBS.L - The Royal Bank of Scotland Group plc

LSE - LSE Delayed price. Currency in GBp
257.90
+0.20 (+0.08%)
At close: 4:35PM BST
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Previous close257.70
Open260.00
Bid250.00 x 654700
Ask270.00 x 41000
Day's range257.20 - 260.80
52-week range239.60 - 304.20
Volume14,625,889
Avg. volume31,997,481
Market cap30.972B
Beta0.37
PE ratio (TTM)24.10
EPS (TTM)10.70
Earnings date3 Aug 2018
Forward dividend & yieldN/A (N/A)
Ex-dividend date2008-03-05
1y target est304.29
  • Reuters17 hours ago

    Labour could order biggest Bank of England shake-up in decades

    Britain's opposition Labour Party could ask the Bank of England to target productivity to help boost the economy if it wins power, in the most radical change to the central bank's remit in more than two decades.     Consultants commissioned by John McDonnell, the shadow chancellor, recommended the bank should retain its independence, but that its mandate be expanded to include an annual productivity growth target of 3 percent. McDonnell said in a speech Wednesday that commercial banks had distorted the UK economy and this has resulted in Britain having the lowest rate of investment among the world's seven largest major advanced economies.

  • Reuters - UK Focus17 hours ago

    Labour could order biggest Bank of England shake-up in decades

    Britain's opposition Labour Party could ask the Bank of England to target productivity to help boost the economy if it wins power, in the most radical change to the central bank's remit in more than two decades. Consultants commissioned by John McDonnell, the shadow chancellor, recommended the bank should retain its independence, but that its mandate be expanded to include an annual productivity growth target of 3 percent.

  • Reuters - UK Focus2 days ago

    Businessman publishes confidential report on fraud at Lloyds unit

    A Scottish businessman and frequent critic of Britain's big banks on Tuesday published a confidential report by a former Lloyds Banking Group manager into a fraud at the bank's HBOS Reading unit. The report, which alleges misconduct by Lloyds and HBOS executives over the handling of the fraud, was written in 2013 and has been the subject of debate among some British lawmakers in recent weeks, who last week urged the bank to publish it. The report was published online by Neil Mitchell, a campaigner against banks including Lloyds and Royal Bank of Scotland, whom he accuses of mistreating some of their business customers.

  • The big test facing the enlarged Virgin Money
    Sky News3 days ago

    The big test facing the enlarged Virgin Money

    The chief executives of three of Britain's leading challenger banks - Paul Pester of TSB, Craig Donaldson of Metro Bank (Frankfurt: 6MB.F - news) and David Duffy of CYBG (Frankfurt: 30712270.F - news) - like to get together over dinner every so often to compare notes on what it is like locking horns in competition with the big five lenders. Mr Pester is fighting fires following TSB's catastrophic move to a new IT platform while Mr Donaldson has been having to soothe the feathers of shareholders ruffled at Metro Bank's multi-million payments to a company owned by the wife of its founder Vernon Hill.

  • Reuters - UK Focus3 days ago

    CYBG and Virgin Money join forces to take on Britain's biggest banks

    Mid-sized bank CYBG (Frankfurt: 30712270.F - news) has agreed to buy Virgin Money in a 1.7 billion pound ($2.3 billion) all-share deal that it said will create Britain's sixth-largest bank by assets and a stronger challenger to the country's top four lenders. Britain's biggest bank merger since the financial crisis was clinched by this month's sweetened bid from CYBG and will give Virgin Money shareholders, which include entrepreneur Richard Branson, about 38 percent of the combined group.

  • Reuters3 days ago

    CYBG and Virgin Money join forces to take on Britain's biggest banks

    Mid-sized bank CYBG has agreed to buy Virgin Money in a 1.7 billion pound ($2.3 billion) all-share deal that it said will create Britain's sixth-largest bank by assets and a stronger challenger to the country's top four lenders. Britain's biggest bank merger since the financial crisis was clinched by this month's sweetened bid from CYBG and will give Virgin Money shareholders, which include entrepreneur Richard Branson, about 38 percent of the combined group.

  • Reuters - UK Focus6 days ago

    CYBG on track to clinch Virgin Money deal before deadline - source

    CYBG (Frankfurt: 42YA.F - news) is closing in an agreement to buy rival Virgin Money to create a larger bank to take on Britain's biggest lenders, a source familiar with the matter told Reuters on Friday. CYBG, the owner of Clydesdale Bank and Yorkshire Bank, must decide whether to make a firm offer or walk away from Virgin by 5 pm on June 18, when a deadline set by the UK's Takeover Panel expires. It faced an earlier deadline of June 4 but Virgin agreed to an extension after CYBG made an improved all-share proposal earlier this month of 1.2125 new shares for every share in Virgin.

  • The end is finally nigh for Equitable Life
    Sky News6 days ago

    The end is finally nigh for Equitable Life

    Before the financial crisis, before the state bail-outs of Northern Rock, Royal Bank of Scotland (LSE: RBS.L - news) and Lloyds TSB, there was Equitable Life. Equitable Life has been in rehabilitation in the 18 years since it came close to collapse. Today, a curtain has been brought down on its 256-year history as Britain's oldest mutual life company has agreed to a £1.8bn takeover by the specialist insurer Life Company Consolidation Group (LCCG).

  • Nearly 60 bank branches closing every month
    Sky News6 days ago

    Nearly 60 bank branches closing every month

    Nearly 60 bank and building society branches are closing every month, according to research. Between the start of 2015 and the end of 2018, 2,868 branches have closed or are scheduled to do so and the ...

  • Reuters - UK Focus6 days ago

    LIVE MARKETS-Early morning headline roundup

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market ...

  • Reuters - UK Focus7 days ago

    RBS' Ulster Bank says to refund 18,000 overcharged business customers

    Royal Bank of Scotland (LSE: RBS.L - news) 's Irish subsidiary Ulster Bank is to issue tens of millions of euros in refunds after overcharging business customers on interest payments, the bank said on Wednesday. "We sincerely apologise to our customers for this," Ulster Bank’s Managing Director of Commercial Banking, Eddie Cullen said in a statement.

  • Reuters - UK Focus7 days ago

    LIVE MARKETS-What you need to know before the open

    Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market ...

  • Reuters8 days ago

    UK watchdog to complete enforcement probe into RBS business unit in July

    Britain's markets watchdog said it expected to complete its enforcement investigation into alleged mistreatment by Royal Bank of Scotland (RBS.L) of small business customers by the end of next month. Lawmakers and small businesses have criticised the Financial Conduct Authority (FCA) for not bringing its investigation to a speedier conclusion and publishing the findings. "My expectation is that we will finish the investigative part before the end of July," FCA Chief Executive Andrew Bailey told parliament.

  • Reuters - UK Focus8 days ago

    UK watchdog to complete enforcement probe into RBS business unit in July

    Britain's markets watchdog said it expected to complete its enforcement investigation into alleged mistreatment by Royal Bank of Scotland (LSE: RBS.L - news) of small business customers by the end of next month. Lawmakers and small businesses have criticised the Financial Conduct Authority (FCA) for not bringing its investigation to a speedier conclusion and publishing the findings. "My expectation is that we will finish the investigative part before the end of July," FCA Chief Executive Andrew Bailey told parliament.

  • Reuters - UK Focus8 days ago

    BoE to ensure banks recover quickly from IT troubles

    Britain's major banks will have to meet targets for recovering from cyber attacks and other disruptions to key services, a senior Bank of England official said on Wednesday. Lyndon Nelson, deputy chief executive of the BoE (Shenzhen: 000725.SZ - news) 's Prudential Regulation Authority arm, said banks needed to be resilient to cyber attacks, or IT disruptions like those at British bank TSB, where customers were unable to access their accounts because of computer problems.

  • Reuters8 days ago

    BoE to ensure banks recover quickly from IT troubles

    Britain's major banks will have to meet targets for recovering from cyber attacks and other disruptions to key services, a senior Bank of England official said on Wednesday. Lyndon Nelson, deputy chief executive of the BoE's Prudential Regulation Authority arm, said banks needed to be resilient to cyber attacks, or IT disruptions like those at British bank TSB, where customers were unable to access their accounts because of computer problems.

  • Reuters - UK Focus8 days ago

    BoE to set IT disruption recovery targets for banks

    Britain's major banks will be set targets for recovering from cyber attacks and other disruptions to key services, a senior Bank of England official said on Wednesday. Lyndon Nelson, Deputy Chief Executive of the BoE (Shenzhen: 000725.SZ - news) 's Prudential Regulation Authority arm, said banks need to be resilient to cyber attacks, or IT disruptions like those at TSB bank in recent weeks.

  • Reuters8 days ago

    BoE to set IT disruption recovery targets for banks

    Britain's major banks will be set targets for recovering from cyber attacks and other disruptions to key services, a senior Bank of England official said on Wednesday. Lyndon Nelson, Deputy Chief Executive of the BoE's Prudential Regulation Authority arm, said banks need to be resilient to cyber attacks, or IT disruptions like those at TSB bank in recent weeks.

  • Is The Royal Bank of Scotland Group plc (LON:RBS) Expensive For A Reason? A Look At The Intrinsic Value
    Simply Wall St.13 days ago

    Is The Royal Bank of Scotland Group plc (LON:RBS) Expensive For A Reason? A Look At The Intrinsic Value

    Bank stocks such as RBS are hard to value. This is because the rules banks face are different to other companies, which can impact the way we forecast their cashRead More...

  • Reuters14 days ago

    RBS CEO says wants to buy bank's shares back from UK government

    Royal Bank of Scotland (RBS.L) Chief Executive Ross McEwan said on Thursday the bank wants to buy back some of its own shares from the government, if approved by the regulator and if it did not jeopardise the bank's return to dividend payments. Britain's government, which acquired a stake in RBS when it bailed the bank out for 45.5 billion pounds ($61.10 billion)in the financial crisis, restarted the privatisation of the bank earlier this week, selling 7.7 percent of its holdings. "Yes we do want to participate, I think we've got plenty of capital," McEwan said, speaking at a conference in Frankfurt, adding that his first priority would be restoring the bank's dividends.

  • MarketWatch15 days ago

    FTSE 100 falls from 2-week high as British pound rises, RBS shares slump

    U.K. clears Comcast’s bid for SkyRBS shares suffered Tuesday. U.K. blue-chip stocks dropped by the most in a week Tuesday, hurt by a climb in the pound and by falling shares of Royal Bank of Scotland PLC after the U.K. government reduced its stake in the lender at a loss. The FTSE 100 index (^FTSE) lost 0.7% to close at 7,786.80, led by declines in the utility and financial sectors.

  • RBS stake sale dents FTSE, rising pound bites
    Reuters16 days ago

    RBS stake sale dents FTSE, rising pound bites

    Royal Bank of Scotland weighed on Britain's FTSE 100 on Tuesday after the government took a loss selling a stake in the bank, while a rising pound after strong services data piled extra pressure on the internationally-exposed index. Shares in RBS fell 5.1 percent after the government sold 7.7 percent of the lender for 2.5 billion pounds, realizing a loss of $2.66 billion.

  • Reuters16 days ago

    RBS share sale important for putting financial crisis in the past - Hammond

    The Chancellor of the Exchequer said on Tuesday that the sale of a 7.7 percent stake in RBS (RBS.L) was an important step forwards after a financial crisis which led to a government bailout of the bank in 2008. "This sale represents a significant step in returning RBS to full private ownership and putting the financial crisis behind us," Philip Hammond said in a statement.

  • Britain takes £2 billion loss on RBS share sale
    Reuters16 days ago

    Britain takes £2 billion loss on RBS share sale

    Britain has sold some of its holding in Royal Bank of Scotland (RBS.L), the bank which it rescued in the 2008 financial crisis, but has taken a loss of more than 2 billion pounds on the deal. "This sale represents a significant step in returning RBS to full private ownership and putting the financial crisis behind us," Britain's Chancellor of the Exchequer Philip Hammond said. Once one of the largest banks in the world by assets, RBS's near collapse required Britain's biggest bailout, leaving the government still holding a large stake nearly a decade later.

  • Reuters16 days ago

    Clydesdale owner's challenge only just starting if wins over Virgin

    Getting together could be the easy bit for mid-sized CYBG and Virgin Money, with breaking the grip of Britain's big four banks an altogether tougher challenge. The pair are having "positive discussions" about forming Britain's biggest challenger bank, with double the assets of its closest rival among Britain's smaller lenders. CYBG, which owns Clydesdale and Yorkshire and app-based "B", would be the main bank for around just two percent of high street customers if it merges with Virgin, data from RFi Group shows, compared with around 24 percent for market leader Lloyds Banking Group.

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