ROYAL BANK OF SCOTLAND GROUP PLC is within a rising trend. Continued positive development within the trend channel is indicated. The stock has broken up through the resistance at pence 50.00. A further rise to 100p (1) is predicted in the medium term. The stock is assessed as technically positive for the medium long term.

Good luck -

Should have taken a place kick!

Interim Management Statement

Key points


Operating profit before impairment losses, and fair value of own debt, was 2,679 million, down 2% compared with the second quarter of 2010. Pre-impairment profit improved in RBS Insurance on lower claims, which partially offset weaker performance in GBM. Retail & Commercial improved modestly, as did Non-Core.


Retail & Commercial pre-impairment operating profit improved by 17% to 5,429 million for the nine months ended 30 September 2010, but this was more than offset by weaker GBM and RBS Insurance performance given challenging environments. Non-Core improved significantly to a pre-impairment profit of 376 million.


For Q3 relative to Q2, Core impairments were down 29% to 782 million, with improvements in all divisions except Ulster Bank where credit losses remained at elevated levels.


For the nine months ended 30 September 2010, Non-Core reported substantially lower impairments, down 42%, with Core impairments down 16%. Group impairments fell 34% overall.

i don't know whether those results are good, bad or indifferent, but being very naive, i fail to see how banks can be properly successful while they effectively refuse to lend money either for mortgages or to small/medium-sized decent businesses

it is relevant and worth noting that (i am reliably informed that) b'ham midshires bs yesterday hoisted its rates to existing borrowers to 2.5% above base .... i'm not sure what level it was before, but assuredly it will have raised repayment requirements very significantly ..... not only will this put a major strain on many households, but of course it also removes another wodge of cash from high street spending - cave ASC and similar if you ask me

cynic - this from the independent.

Homebuilder Redrow yesterday launched a furious broadside against regulators accusing them of creating a "mortgage famine" on the same day that the Council of Mortgage Lenders (CML) urged the city watchdog to "think again" over tough new rules that its latest research says would prevent 150,000 people from being able to buy or move house in the coming months, the Independent reports.

Like I said - there fit for wiping your arse with, nothing more !

Sell off RBS... this stinker will drift down to 30p. Bailout after bailouts will undoubtedly cause a downtrend

I reckon lower today.

RBS has billions in the irish economy

notwithstanding that Dow was weak last night and that many in US will take a full week's holiday, thus making for quiet but perhaps volatile markets, i would hazard that RBS is due for a bounce ..... i'm away all next week though shall watch things as and when i can, otherwise might have been tempted to dabble

All the papers say do the opposite.

The Irish will bring RBS down.

How can they? RBS is mostly owned by HMG which is in a marginally better state than Eire.

HC,

Are you sure about that.

Pardon me, I thought the problem (er why HMG lent Eire "our" money this Month), because if Eire doesn't get out of this hole they created "That Celtic Tiger" - ((the one that newspapers praised, and everyone said "how wonderful" ))- If Eire goes bankrupt (tecnically even one wheel off the track on a tight bend) then RBS might have to increase its provisions for loss, as they (or the Dutch) had lent them more than anything like colateral was worth.

Funny that, when I want a loan from "my bank" the Manager (the youth) wants to know my blood type, and have the keys to my wife's bedroom (alternate thursdays) and the new property, to make sure I keep up the repayments.

Yet, they seems to be able to lend more money than one Branch can muster on some infrastructure project that can't be "reprosessed" and we wonder why RBS execs are paid so much? Let's face it a non-banking dummy could do no worse.

what's the reason behind the jump to 47p shame it didnt last!!

probably on the tail of Barc, lloy up slightly but barc storming. All those bonuses paying off.,.

47p on the bid.

hopefully a return to 50p + this week with results due end of week

if not already announced, there will no doubt be news/confirmation about the sale of various of their assets to Santander