|Bid||217.20 x 654700|
|Ask||217.40 x 41000|
|Day's range||216.60 - 220.40|
|52-week range||200.10 - 289.70|
|Beta (3Y monthly)||0.52|
|PE ratio (TTM)||17.34|
|Earnings date||2 Aug 2019|
|Forward dividend & yield||0.07 (2.92%)|
|1y target est||301.06|
Regulators are watching a price war in mortgages "like a hawk" and may need to impose stricter minimum capital requirements on lenders, Bank of England Deputy Governor Sam Woods said on Friday. The price war over the past two years may be good news for consumers wanting to buy their first home, but it was less good for a bank or building society concentrated in mortgages, Woods told the Building Societies Association. High loan-to-value ratios and higher loan-to-income home loans can be well captured by the BoE's capital requirements.
Loot, the digital current account aimed at students and millennials, hascalled in administrators after appearing to have run out of cash
Britain's opposition Labour Party wants to nationalise energy and water infrastructure if it can oust Prime Minister Theresa May's ruling Conservatives from power, reversing decades of pro-privatisation public policy. Despite a national election not being due until 2022, the prospect of nationalisation is worrying investors. Analysts have valued the regulated asset values of water and energy networks potentially facing nationalisation at around 125 billion pounds.
BRUSSELS/LONDON (Reuters) - Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market. Banks have been hit with billions of dollars in penalties worldwide over the last decade for the rigging of benchmarks used in many day-to-day financial transactions, further damaging the industry's fragile reputation after the financial crisis.
Royal Bank of Scotland Group plc (LON: RBS) and this FTSE 250 (INDEXFTSE: MCX) challenger have posted very different Q1 figures.
A legal duty for banks to act in the best interests of their customers may be needed, British lawmakers said on Monday, piling pressure on regulators to step up protection of consumers after a string of mis-selling scandals spanning decades. British lenders have paid more than 30 billion pounds since 2007 in redress to customers missold endowment mortgages, pensions and payment protection insurance. Banks and other financial firms are not legally required to put customers' interests ahead of their own.
Momentum is building for independent checks on the capital buffers of banks, a senior accounting executive has said, with Metro and Co-operative banks a reminder of what happens when things go wrong. Following a request from the Bank of England, the ICAEW, a professional accounting body, designed a framework for independent checks on how banks calculate their ratio of capital to risky assets, a closely-watched measure of health. Michael Izza, chief executive of the ICAEW, said the idea of independent checks was gathering momentum.
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Barclays, Citigroup , HSBC, JPMorgan and three other banks are set to be fined by EU antitrust regulators in coming weeks for rigging the multi-trillion dollar foreign exchange market, two people familiar with the matter said. The other three lenders are Royal Bank of Scotland, UBS and a small Japanese bank, the people said. In contrast, Credit Suisse, which has previously said it did not find any evidence of misconduct, is fighting the EU antitrust charge.
May 10 (Reuters) - Britain's FTSE 100 index is expected to open 22 points higher at 7,229 on Friday, according to financial bookmakers. * BARCLAYS, RBS, HSBC: Barclays, HSBC, and Royal Bank of Scotland ...
Pay disparities in Britain have come under the spotlight since the government forced businesses to submit gender pay gap figures annually from last year. The employee, who served at RBS between September 2010 and November 2017, won 150,000 pounds in a case that was backed by Unite's legal services unit, the union said in a statement. "We take a fair and inclusive approach to setting pay and career progression and do not pay our colleagues differently for doing the same job because of their gender," an RBS spokesman said in an email.
While Britain debates the merits of a second Brexit referendum, London's financial centre is steering clear of the argument, resigned to the need to shift some business elsewhere. Burned by backing the ill-fated Remain campaign three years ago, major global and British banks told Reuters they would shy away from taking a similar position in a new vote, preferring to spend time and money on "future-proofing" their business, including tackling outdated technology and moving into new markets. A Reuters survey of leadership attitudes at 17 British and global banks found just six of the 11 institutions who responded to the survey backed the idea of a People's Vote to break a parliamentary impasse on a proposed exit deal.
Britain will keep one penny and two pence coins in circulation, finance minister Philip Hammond announced on Friday, a year after saying they were obsolete and usually hoarded in jam jars or even binned. The ministry estimates that 2.2 million people in Britain rely on cash because they don't have a bank account or for other reasons. Debit cards overtook cash for the first time in 2017 as the most frequently used payment method in Britain, and some outlets no longer accept cash as a form of payment.
British water and power firms are trying to soothe nerves over nationalisation in the event of a Labour government, although some fund managers and lawyers doubt so-called Corbyn-proofing will work. Jeremy Corbyn, the opposition leader, has said the state would take control of Britain's water, electricity, gas and railway operators, as well as Royal Mail and Royal Bank of Scotland if Labour wins power. The privatisation of utilities, which began in the 1980s under Margaret Thatcher's Conservatives, has been a divisive issue.
Royston Wild explains why he thinks FTSE 100 (INDEXFTSE: UKX) blue-chip GlaxoSmithKline plc (LON: GSK) is a much better stock to splash out on than Royal Bank of Scotland plc (LON: RBS).
The Royal Bank of Scotland Group plc (LON: RBS) share price looks like a coiled spring, ready to explode higher at any time, argues this Fool.
Both the FTSE 100 and the FTSE 250 ended 0.1 percent lower, although the blue-chips trimmed losses after data showed U.S. economic growth accelerated in the first quarter. Mining company Glencore fell 3.3 percent after saying that the U.S. Commodity Futures Trading Commission was investigating possible "corrupt practices" that may have broke some rules. Royal Bank of Scotland skidded 4 percent, its biggest fall in nearly five months, as it reported lower first-quarter profit that was hurt by intensifying competition and Brexit uncertainty.
The Edinburgh, Britain-based bank said it had earnings of 15 cents per share. The bank posted revenue of $4.88 billion in the period. Its revenue net of interest expense was $3.96 billion, which fell short ...
EDINBURGH/LONDON (Reuters) - Britain's Royal Bank of Scotland reported lower first quarter profit on Friday, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns. RBS shares fell as much as 7 percent in morning trading, with the results coming a day after its Chief Executive Ross McEwan announced plans to leave within a year, marking a new era for the state-controlled lender. RBS reported a net profit of 707 million pounds ($912 million) for the period.