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.
According to the FT -The chief executive of Royal Bank of Scotland has told senior colleagues that he will stay in the job for up to eight more years, scotching rumours that he could quit within 18 months.
What would make rbs go up at present, its at a disc to nav, ok, but where is the catalyst to realize that discount, so far i dont see much downside nor upside?
Nathan Bostock to leave The Royal Bank of Scotland Group plc("RBS")
Nathan Bostock will be leaving his job as Head of Restructuring & Risk at RBS to take up a new role as CEO of Wholesale Banking at Lloyds Bank. We expect Nathan to be at RBS until at least end February 2012. This will ensure an orderly handover of his responsibilities.