RBS.L - The Royal Bank of Scotland Group plc

LSE - LSE Delayed price. Currency in GBp
244.50
+0.80 (+0.33%)
As of 8:31AM BST. Market open.
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Previous close243.70
Open244.00
Bid244.30 x 654700
Ask244.40 x 41000
Day's range243.55 - 245.50
52-week range239.60 - 304.20
Volume626,540
Avg. volume34,034,179
Market cap29.364B
Beta0.49
PE ratio (TTM)22.85
EPS (TTM)10.70
Earnings date3 Aug 2018
Forward dividend & yieldN/A (N/A)
Ex-dividend date2008-03-05
1y target est304.06
  • Banks bid for piece of £775m RBS small business pie
    Sky News1 hour ago

    Banks bid for piece of £775m RBS small business pie

    A £775m pot of cash has been made available by Royal Bank of Scotland (LSE: RBS.L - news) to boost competition in small business banking. The European Commission originally required, in return for waiving its rules on state aid, RBS to hive off a chunk of its branches and business customers to a new business that was to have been christened Williams & Glyn - reviving a centuries-old name owned by RBS. Among the likely applicants are Santander UK (LSE: 44RS.L - news) , Nationwide Building Society (LSE: NBS.L - news) , TSB, Metro Bank (Frankfurt: 6MB.F - news) , CYBG (Frankfurt: 30712270.F - news) - which is in the process of buying Virgin Money - Aldermore and Starling Bank.

  • Reutersyesterday

    Winners of RBS state aid grants to be announced in February 2019

    LONDON (Reuters) - The winners of a series of grants worth a total of 775 million pounds and paid for by the Royal Bank of Scotland (RBS.L) will be announced in February 2019, the body set up to disperse ...

  • UK lenders expect consumer lending to pick up in third quarter - BoE
    Reuters5 days ago

    UK lenders expect consumer lending to pick up in third quarter - BoE

    British lenders expect demand for consumer borrowing to pick up in the third quarter, a Bank of England survey showed on Thursday, echoing signs of a broader recovery in the economy after a slow start to 2018. The BoE, which has been urging banks to avoid risks in their lending to households, also reported lenders intend to keep supply of mortgage lending broadly steady over the next few months. Earlier on Thursday the Royal Institution of Chartered Surveyors said British house prices remained flat in June and the market was likely to stay sluggish in the coming months despite more properties being put up for sale.

  • BoE adds systemic buffers to 2018 stress test of banks
    Reuters5 days ago

    BoE adds systemic buffers to 2018 stress test of banks

    The Bank of England (BoE) said this year's stress test of major banks will measure how non-core capital buffers stand up to market and economic stresses. The test, introduced since the financial crisis a decade ago forced British taxpayers to bail out several lenders, has focused on the resilience of a bank's core capital buffer. The BoE said the "uplifts" assumed from including a systemic risk buffer would add 2.5 percent to the overall hurdle rate of Lloyds Banking Group (LLOY.L), and 1 percent to those of Barclays (BARC.L), HSBC (HSBA.L), Royal Bank of Scotland (RBS.L), Santander UK and Nationwide.

  • Reuters - UK Focus5 days ago

    BoE adds systemic buffers to 2018 stress test of banks

    The Bank of England (BoE (Shenzhen: 000725.SZ - news) ) said this year's stress test of major banks will measure how non-core capital buffers stand up to market and economic stresses. The test, introduced since the financial crisis a decade ago forced British taxpayers to bail out several lenders, has focused on the resilience of a bank's core capital buffer. The BoE said the "uplifts" assumed from including a systemic risk buffer would add 2.5 percent to the overall hurdle rate of Lloyds Banking Group, and 1 percent to those of Barclays (LSE: BARC.L - news) , HSBC, Royal Bank of Scotland (LSE: RBS.L - news) , Santander UK (LSE: 44RS.L - news) and Nationwide.

  • Reuters - UK Focus5 days ago

    BoE raises hurdle for banks in 2018 stress test

    The Bank of England said this year's stress test of major banks will include how non-core capital buffers stand up to market and economic stresses. The test, introduced since the financial crisis a decade ...

  • Reuters6 days ago

    UK watchdog warns financial firms over Big Data

    Britain's banks and insurers must take the lead in spelling out how they will use data collected from customers or they could face new rules, Financial Conduct Authority Chair Charles Randell said on Wednesday. Financial firms have been using Big Data on customers, which can include social media use, for example to price motor or health insurance more accurately. The use of Big Data requires good communication so that consumers understand and accept a firm's approach to using their data and don't end up being "disenfranchised", Randell said.

  • Reuters - UK Focus8 days ago

    GLOBAL MARKETS-Stocks hit 2-week high as U.S. jobs report spreads relief

    Global shares hit a two-week high on Monday as favourable U.S. jobs data whetted risk appetites, while sterling brushed off the resignation of two ministers over Britain's departure from the EU, with traders focused on the likelihood of a "soft Brexit". The pound regained ground after an earlier wobble after news broke that Brexit Secretary David Davis and Minister Steven Baker had resigned in opposition to British Prime Minister Theresa May's plan for leaving the EU. "Sterling up and FTSE up does suggest that there's a slight sigh of relief generally," Ian Williams, economics & strategy research analyst at Peel Hunt, said.

  • The Wall Street Journal9 days ago

    [$$] Ex-RBS Chief, a Symbol of British Banking Excess, Retires to Life in Scotland

    A decade after the financial crisis, The Wall Street Journal has checked in on dozens of the bankers, government officials, chief executives, hedge-fund managers and others who left a mark on that period to find out what they are doing now. The former chief executive of RBS stepped out of the limelight after he became the de facto face of British banking excess.

  • UK banks told to show their backup plans for tech shutdowns
    Reuters12 days ago

    UK banks told to show their backup plans for tech shutdowns

    British banks and other financial services firms were given three months on Thursday to explain how they can avoid damaging IT breakdowns and respond to the growing threat of cyber attacks. With technology-related disruption on the rise in the sector, the Bank of England and the Financial Conduct Authority told financial services firms to report back by Oct. 5 on their exposure to risks and how they would respond to outages. "Operational disruption can impact financial stability, threaten the viability of individual firms and financial market infrastructures, or cause harm to consumers and other market participants in the financial system," FCA Chief Executive Andrew Bailey and BoE Deputy Governor Jon Cunliffe said in a joint statement.

  • Reuters13 days ago

    Bank of England says no big changes to bank regulation on horizon

    British banks should not expect further major changes to capital or liquidity requirements now that the bulk of the Basel III reforms agreed after the financial crisis have been implemented, a Bank of England regulator said on Wednesday. Vicky Saporta, the BoE's executive director for prudential policy, said the central bank's focus in future would be on new risks, or unintended consequences of existing regulation. "The finalisation of Basel III signals that the wave of regulatory reform following the Global Financial Crisis is now over.

  • Reuters - UK Focus13 days ago

    Bank of England says no big changes to bank regulation on horizon

    British banks should not expect further major changes to capital or liquidity requirements now that the bulk of the Basel III reforms agreed after the financial crisis have been implemented, a Bank of England regulator said on Wednesday. Vicky Saporta, the BoE (Shenzhen: 000725.SZ - news) 's executive director for prudential policy, said the central bank's focus in future would be on new risks, or unintended consequences of existing regulation. "The finalisation of Basel III signals that the wave of regulatory reform following the Global Financial Crisis is now over.

  • Reuters14 days ago

    Bank of England - some policymakers see possible case for higher bank capital buffer

    Some Bank of England policymakers saw signs that a capital buffer for banks might need to be raised in future, the BoE said, but a recent slowdown in risk appetite meant no change was needed for now. Britain's banks have been required to meet a so-called countercyclical capital buffer of only 1 percent of their risk-weighted assets as part of the BoE's attempts to avoid a repeat of the taxpayer bailouts after the global financial crisis. "Some members noted considerations that might challenge the adequacy of the 1 percent CCyB rate," the BoE said in the minutes of the June 19 meeting of the Financial Policy Committee that were published on Tuesday.

  • Reuters15 days ago

    British app-bank Monzo counts cost of growing popularity

    Digital bank Monzo, whose distinctive coral-coloured card has become a common feature in the wallets of young, tech savvy and mainly urban Britons, could hit 1 million users within months. To succeed in taking on Britain's big banks, Monzo needs customers to treat it as their main account, where they deposit their salary and pay their bills. At present only 1 in 5 of its users deposit their salary, with average balances of 1,400 pounds per month, its chief executive Tom Blomfield said.

  • Reuters - UK Focus15 days ago

    British app-bank Monzo counts cost of growing popularity

    Digital bank Monzo, whose distinctive coral-coloured card has become a common feature in the wallets of young, tech savvy and mainly urban Britons, could hit 1 million users within months. To succeed in taking on Britain's big banks, Monzo needs customers to treat it as their main account, where they deposit their salary and pay their bills. At present only 1 in 5 of its users deposit their salary, with average balances of 1,400 pounds per month, its chief executive Tom Blomfield said.

  • British lawmaker eyes tribunal to help small firms challenge banks
    Reuters18 days ago

    British lawmaker eyes tribunal to help small firms challenge banks

    Small businesses that are victims of fraud, conspiracy and misconduct by British banks could soon be able to sue their lenders in a tribunal dedicated to helping them bring banks to justice without fear of financial ruin. British lawmaker Kevin Hollinrake, chairman of the All Party Parliamentary Group (APPG) for Fair Business Banking, told Reuters that the APPG would propose the tribunal, likely funded by the banks themselves, in a report in July. It would offer a recourse for small businesses which currently have few options if they are dissatisfied with remedies or compensation offered by the banks.

  • Reuters - UK Focus19 days ago

    British lawmaker eyes tribunal to help small firms challenge banks

    Small businesses that are victims of fraud, conspiracy and misconduct by British banks could soon be able to sue their lenders in a tribunal dedicated to helping them bring banks to justice without fear of financial ruin. British lawmaker Kevin Hollinrake, chairman of the All Party Parliamentary Group (APPG) for Fair Business Banking, told Reuters that the APPG would propose the tribunal, likely funded by the banks themselves, in a report in July.

  • Business Wire19 days ago

    FRN Variable Rate Fix

    LONDON--(BUSINESSWIRE)-- As Agent Bank, please be advised of the following rate determined on: 6/28/2018 Issue ¦ The Royal Bank of Scotland Group PLC EUR 1,300,000,000 FRN due Perpetual   ISIN Number ¦ ...

  • Reuters20 days ago

    Britain's FTSE rebounds as trade war fears recede

    The UK's top share index rebounded on Wednesday as fresh optimism regarding U.S. trade policy fuelled risk appetite with the help of buoyant energy stocks. The blue chip FTSE 100 (.FTSE) index started the day in negative territory but closed up 1.1 percent at 7,621.69 points. Tensions over trade between the U.S. and China have hit stock markets this week, with the FTSE sliding more than two percent on Monday after U.S. President Donald Trump announced plans to bar Chinese companies from investing in U.S. technology firms.

  • MarketWatch20 days ago

    U.K. stocks jump as U.S.-China trade drama calms down

    BP, Royal Dutch Shell gainAFP/Energy companies rise on Wednesday as oil prices continue to rally. U.K. stocks ended a volatile trading day with firm gains as investors welcomed U.S. President Donald Trump’s softer tone on Chinese investments in the U.S., which was seen as easing fears of a full-blown trade war. U.K. stocks had swung between small gains and losses early in Wednesday’s session, but were sent sharply higher following reports that the Trump administration has backed away from invoking executive authority to impose a tough crackdown on Chinese investments in the U.S. A senior administration official said Trump will rely on existing laws rather than alternative, harsher measures that were feared to spark a dispute between Washington and Beijing.

  • Reuters - UK Focus20 days ago

    High fees make up bulk of UK banks' retail account profits - watchdog says

    Overdraft fees paid by a small number of customers make up the bulk of profits on current accounts for Britain's retail banks, a report from the industry regulator showed on Wednesday. The report is part of the Financial Conduct Authority's wide-ranging review of the retail banking business in Britain, which is dominated by just a few big banks. Its findings show that customers least able to pay face some of the highest fees for retail banking services.

  • Bank of England hits back at EU over banks' Brexit readiness
    Reuters20 days ago

    Bank of England hits back at EU over banks' Brexit readiness

    The Bank of England hit back at European Union criticism on Wednesday, saying British banks were fully prepared for any disorderly Brexit and that it was the EU itself which should act to prevent market disruption. BoE Governor Mark Carney challenged assertions made by the EU's banking watchdog, the European Banking Authority (EBA), on Monday that banks were inadequately prepared for a hard Brexit.

  • Reuters - UK Focus20 days ago

    Bank of England hits back at EU over banks' Brexit readiness

    The Bank of England hit back at European Union criticism on Wednesday, saying British banks were fully prepared for any disorderly Brexit and that it was the EU itself which should act to prevent market ...

  • Reuters - UK Focus20 days ago

    Trade troubles take their toll on Britain's FTSE

    The blue chip FTSE 100 index was down 0.3 percent at 7,516.24 points by 0905 GMT, with the index's large weighting in commodities stocks helping it outperform a broadly negative European market. Tensions over trade between the U.S. and China have hit stock markets this week, with the FTSE sliding more than 2 percent on Monday after U.S. President Donald Trump announced plans to bar Chinese companies from investing in U.S. technology firms and block additional technology exports.

  • Reuters - UK Focus21 days ago

    TREASURIES OUTLOOK-Yields edge higher as concerns about trade war persist

    U.S. Treasury yields edged higher on Tuesday as concerns lingered that trade wars could harm economic growth, but safety buying was capped by expectations the Federal Reserve will continue to raise interest rates. U.S. Treasury Secretary Steven Mnuchin said on Monday that investment restrictions will not be specific to China.

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