RBS.L - The Royal Bank of Scotland Group plc

LSE - LSE Delayed price. Currency in GBp
280.10
+0.90 (+0.32%)
At close: 5:09PM BST
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Previous close279.20
Open277.90
Bid261.50 x 654700
Ask284.00 x 41000
Day's range276.60 - 281.30
52-week range180.00 - 281.30
Volume24,270,356
Avg. volume11,266,670
Market cap33.46B
BetaN/A
PE ratio (TTM)-8.31
EPS (TTM)-33.7
Earnings dateN/A
Forward Dividend & YieldN/A (N/A)
Ex-dividend dateN/A
1y target est274.79
  • Ex-Lloyds bank bosses used 'spin and puff' in HBOS deal, court told
    Reutersyesterday

    Ex-Lloyds bank bosses used 'spin and puff' in HBOS deal, court told

    Former bosses of Lloyds Banking Group (LLOY.L) used "spin and sales puff" to win over investors and secure a "disastrous" acquisition of rival HBOS during the credit crisis, a lawyer for thousands of shareholders told London's High Court on Wednesday. Around 6,000 Lloyds investors, who are seeking around 550 million pounds in damages, allege that five former directors at Lloyds, including ex-CEO Eric Daniels, concealed information about HBOS's financial position in 2008 and 2009 and breached their duties by recommending the purchase. On the first day of a 14-week London trial, the claimant's lawyer Richard Hill told the court that the deal saved HBOS from nationalisation but looked like a catastrophe for Lloyds within days of completion in early 2009.

  • Fool.co.ukyesterday

    2 bargain bank stocks that could help you retire with a million

    The UK's banking stocks still look like they could be seriously undervalued.

  • Reuters - UK Focusyesterday

    Ex-Lloyds bank bosses used "spin and puff" in HBOS deal, court told

    LONDON, Oct (Shenzhen: 000069.SZ - news) 18 (Reuters) - Former bosses of Lloyds Banking (Xetra: 871784 - news) Group used "spin and sales puff" to win over investors and secure a "disastrous" acquisition of rival HBOS during the credit crisis, a lawyer for thousands of shareholders told London's High Court on Wedesday. Around 6,000 Lloyds investors, who are seeking around 550 million pounds ($724 million) in damages, allege that five former directors at Lloyds, including ex-CEO Eric Daniels, concealed information about HBOS's financial position in 2008 and 2009 and breached their duties by recommending the purchase. On the first day of a 14-week London trial, the claimant's lawyer Richard Hill told the court that the deal saved HBOS from nationalisation but looked like a catastrophe for Lloyds within days of completion in early 2009.

  • Lloyds investors 'mugged' on HBOS purchase, trial hears
    Sky Newsyesterday

    Lloyds investors 'mugged' on HBOS purchase, trial hears

    The High Court has heard shareholders in Lloyds were "mugged" when the bank recommended buying Halifax Bank of Scotland (HBOS) at the height of the financial crisis. The allegation was made by the barrister representing a group of 5,803 former Lloyds TSB shareholders at the start of a trial aimed at recovering more than £550m from the bank. The group, which includes roughly 300 institutional investors such as pension funds, is suing Lloyds Banking Group, former chairman Sir Victor Blank, ex-chief executive Eric Daniels, former chief financial officer Tim Tookey and two other former directors.

  • Reutersyesterday

    Ireland threatens to penalise banks over mortgage overcharging

    Ireland will raise taxes on banks if they don't move faster to provide compensation for the "scandalous" overcharging of thousands of mortgage customers, Prime Minister Leo Varadkar said on Wednesday. Ireland's central bank has identified at least 13,000 customers who should have been given the option of a cheaper "tracker" mortgage or kept on a better rate years ago. It has ordered lenders to repay the difference and offer compensation.

  • Reuters - UK Focusyesterday

    Ireland threatens to penalise banks over mortgage overcharging

    DUBLIN, Oct (Shenzhen: 000069.SZ - news) 18 (Reuters) - Ireland (Other OTC: IRLD - news) will raise taxes on banks if they don't move faster to provide compensation for the "scandalous" overcharging of thousands of mortgage customers, Prime Minister Leo Varadkar said on Wednesday. Ireland's central bank has identified at least 13,000 customers who should have been given the option of a cheaper "tracker" mortgage or kept on a better rate years ago.

  • RBS to sell long-held stake in financial markets group Euroclear
    Sky Newsyesterday

    RBS to sell long-held stake in financial markets group Euroclear

    The state-backed Royal Bank of Scotland (LSE: RBS.L - news) (RBS) is in talks to offload its long-held stake in Euroclear, a financial markets infrastructure group that plays a central role in settling hundreds of trillions of euros-worth of trades. Sky News has learnt that RBS, which is one of about 130 shareholders in Euroclear, is in advanced talks to sell its interest in the company. The deal is expected to net at least tens of millions of pounds in proceeds for RBS, which remains more than 70%-owned by British taxpayers nearly a decade after it was bailed out.

  • British financial watchdog consents to scrutiny of confidential RBS report
    Reuters2 days ago

    British financial watchdog consents to scrutiny of confidential RBS report

    Britain's Financial Conduct Authority has agreed to allow a confidential report on the Royal Bank of Scotland's (RBS.L) treatment of struggling companies to be scrutinised by a barrister, MPs said on Tuesday. In a letter to MPs , Andrew Bailey, chief executive of the FCA, agreed to allow a barrister to check a summary of the report against its full contents, which the regulatory agency says was never meant to be public. It has refused to publish the report, irritating MPs on Parliament's Treasury Select Committee, who announced they had appointed barrister Andrew Green to inspect the summary last week.

  • Reuters - UK Focus2 days ago

    British financial watchdog consents to scrutiny of confidential RBS report

    LONDON, Oct (Shenzhen: 000069.SZ - news) 17 (Reuters) - Britain's Financial Conduct Authority has agreed to allow a confidential report on the Royal Bank of Scotland's treatment of struggling companies to be scrutinised by a barrister, lawmakers said on Tuesday. In a letter to lawmakers, Andrew Bailey, chief executive of the FCA, agreed to allow a barrister to check a summary of the report against its full contents, which the regulatory agency says was never meant to be public. It has refused to publish the report, irritating lawmakers on Parliament's Treasury Select Committee, who announced they had appointed barrister Andrew Green to inspect the summary last week.

  • Lloyds snubs £500m settlement bid as HBOS merger trial kicks off
    Sky News3 days ago

    Lloyds snubs £500m settlement bid as HBOS merger trial kicks off

    Lloyds Banking Group has rejected a last-ditch bid to settle a legal claim over the disastrous merger that created Britain’s biggest high street lender, days before a trial featuring some of the country's most prominent financiers is due to begin. Sky News has learnt that the Lloyds Shareholder Action Group (LSAG) last week told the bank that it would abandon its claim in exchange for a payment of roughly £500m, according to insiders. Sources close to Lloyds said on Monday that the offer from Harcus Sinclair, the law firm acting for the claimant group of 6,000 former Lloyds TSB investors, was immediately rejected by the bank.

  • Reuters - UK Focus4 days ago

    UK's Interserve in talks with banks after profit warning

    British support services and construction company Interserve Plc said on Monday it is in talks with its banks to provide clarity on its current trading and recent profit warning. The statement follows ...

  • Lenders to crisis-hit Interserve‎ hire advisers after profit alert
    Sky News4 days ago

    Lenders to crisis-hit Interserve‎ hire advisers after profit alert

    Lenders to the crisis-hit construction and support services group Interserve (Frankfurt: 860509 - news) have drafted in advisers amid growing fears about the state of its finances. Sky News has learnt that a consortium of high street banks, including HSBC and Royal Bank of Scotland (LSE: RBS.L - news) (RBS), hired EY last week in the wake of a massive profit warning from Interserve. The appointment of ‎a top professional services firm will raise concerns that Interserve, which has contracts include managing the Salisbury Plain military training base for the Ministry of Defence, could be facing a financial restructuring similar to that of rival Carillion (Frankfurt: 924047 - news) .

  • Reuters6 days ago

    Queen's bank goes for younger clients as rivals try to steal crown

    After three centuries as banker to Britain's rich and famous, from Charles Dickens to Queen Elizabeth II, Coutts, one of the world's oldest banks, is trying to modernise. Britain's largest private bank wants to update not only its technology and ways of doing business, but also its 325-year-old brand to sell more products to more customers, tackle competition from international rivals and boost revenues. Chief Executive Peter Flavel aims to increase Coutts' appeal to a younger generation of wealthy Britons, including vloggers, gamers and other entrepreneurs getting rich from new technologies, as well as its traditional clients.

  • Reuters7 days ago

    UK lawmakers pile pressure on watchdog over RBS report

    British lawmakers have hired a barrister to check if a summary of a report by regulators into how Royal Bank of Scotland (RBS.L) treated companies in difficulties is comprehensive and fair. The Financial Conduct Authority has refused to publish the main report, saying it was never meant to be public and that a summary would be made available. "On receiving the adviser's assessment, the committee would decide how to proceed, and the arrangement would be without prejudice to its formal powers to require that the FCA produce the report," TSC Chair Nicky Morgan said in a letter to FCA CEO Andrew Bailey and released to the media.

  • Reuters - UK Focus7 days ago

    UK lawmakers pile pressure on watchdog over RBS report

    LONDON, Oct (Shenzhen: 000069.SZ - news) 13 (Reuters) - British lawmakers have hired a barrister to check if a summary of a report by regulators into how Royal Bank of Scotland treated companies in difficulties is comprehensive and fair. The Financial Conduct Authority has refused to publish the main report, saying it was never meant to be public and that a summary would be made available.

  • UK lenders plan biggest consumer lending curb since late 2008 -BoE
    Reuters7 days ago

    UK lenders plan biggest consumer lending curb since late 2008 -BoE

    British lenders are planning the biggest cutback in consumer loans in nearly 10 years, the Bank of England said on Thursday, after it warned repeatedly about the strong pace of lending to households. The BoE's quarterly net balance of lenders' expectations for the availability of unsecured lending over the next three months fell to -28.6 from -16.2. The BoE has said there is no overall debt bubble in Britain but it has expressed concern about consumer debt, which had been growing at about 10 percent a year.

  • Reuters - UK Focus7 days ago

    UK lenders plan biggest consumer lending curb since late 2008 -BoE

    British lenders are planning the biggest cutback in consumer loans in nearly 10 years, the Bank of England said on Thursday, after it warned repeatedly about the strong pace of lending to households. The ...

  • EU citizens' uncertain Brexit status 'intolerable' - CBI boss
    Sky News8 days ago

    EU citizens' uncertain Brexit status 'intolerable' - CBI boss

    The head of the UK's biggest business group has described as "intolerable" the Government's failure to resolve the rights of EU citizens after Brexit. Confederation of British Industry (CBI) director general Carolyn Fairbairn attacked a lack of progress in the divorce talks with the EU in remarks to the organisation in London. Ms Fairbairn attacked the failure to secure such a deal just a day after the Prime Minister used a radio interview to warn that the rights of EU citizens could "fall away" if Britain is forced to abandon Brexit talks with no deal.

  • Early 2018 is crunch time for banks' Brexit decisions - UK official
    Reuters8 days ago

    Early 2018 is crunch time for banks' Brexit decisions - UK official

    Many international banks and financial services firms based in Britain will decide in the first quarter of next year whether to move operations away from Britain ahead of Brexit, a senior official at Britain's finance ministry said on Wednesday. Katharine Braddick, the ministry's director general for financial services, said banks using Britain to serve clients in the European Union were showing the most urgency in considering relocation plans.

  • Reuters - UK Focus8 days ago

    Early 2018 is crunch time for banks' Brexit decisions - UK official

    LONDON, Oct (Shenzhen: 000069.SZ - news) 11 (Reuters) - Many international banks and financial services firms based in Britain will decide in the first quarter of next year whether to move operations away from Britain ahead of Brexit, a senior official at Britain's finance ministry said on Wednesday. Katharine Braddick, the ministry's director general for financial services, said banks using Britain to serve clients in the European Union were showing the most urgency in considering relocation plans.

  • Domestic banks help FTSE edge ahead
    Reuters9 days ago

    Domestic banks help FTSE edge ahead

    Britain's top share index ended at a two-month high on Tuesday after domestic banks Royal Bank of Scotland and Lloyds rose following a broker upgrade on hopes of a softer exit from the European Union. Britain's blue-chip FTSE 100 (.FTSE) index was up 0.4 percent at 7,538.27 points at its close, while the more domestically-focused mid-cap (.FTMC) index added 0.2 percent, boosted by some well-received earnings updates. After hitting record highs in May thanks to the weakness in the pound that followed Britain's decision to leave the EU, the rally in the FTSE has lost steam as sterling strengthened and the Bank of England turned more hawkish.

  • How Royal Bank of Scotland (RBS) Stock Stands Out in a Strong Industry
    Zacks9 days ago

    How Royal Bank of Scotland (RBS) Stock Stands Out in a Strong Industry

    Royal Bank of Scotland (RBS) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

  • Bailed-out RBS removes logo from flagship office
    Associated Press10 days ago

    Bailed-out RBS removes logo from flagship office

    LONDON (AP) — Royal Bank of Scotland has removed its own logo from its flagship London office, replacing it with the more locally focused NatWest brand — a sign that the bank has shed its global aspirations once and for all.

  • RBS chair Sir Howard Davies: Six months to avoid City jobs exodus
    Sky News11 days ago

    RBS chair Sir Howard Davies: Six months to avoid City jobs exodus

    The Government has been told it has less than six months to strike a Brexit deal in order to prevent an exodus from the City of London (LSE: CIN.L - news) . RBS (LSE: RBS.L - news) chairman Sir Howard Davies warned there is now a "very, very, very tight" time frame for ministers to agree the terms of a transitional Brexit agreement with the EU, if it hopes to stop major finance firms moving jobs abroad. The senior banker, who was appointed chairman of Government-owned RBS in 2015, claimed businesses would only wait until March next year before triggering contingency plans to relocate away from the UK.

  • Reuters - UK Focus14 days ago

    BUZZ-UK Banks: Exane BNP Paribas still cautious

    ** Exane BNP Paribas remains cautious on UK banks despite a recent tick up in rate expectations ** Broker says a bigger move in long rates and several moves in short rates are needed to have any appreciable ...

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