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 -

CHEATING bank boss Sir Fred Goodwin has been kicked out of his family home by his wife over his affair, The Sun can reveal.


Fred the shread gets the boot from Wife

Could not happen to a better person.

Back to sub 20p next week I imagine,.

What goes round comes round, fred you aint seen nothin yet.

Down 5% again and its only Monday.

Yep - sub 4 bob !

4 bob yes that puts it into perspective.

south steams ahead
so sorry for any losers
salute

and with the FTSE up 125 points.

.

Looking good time to buy

MACD to cross over

even better time now - or maybe a bit later - dont think this has hit bottom quite yet

sub 20p a distinct poss imo

Long for me when it goes down to 10p

indeed gl

ooooopsssss

i think more red here good for shorters....


Moody's downgrade report hits UK banks

Shares in banks fell back after a report that the ratings agency Moody's is set to lower its ratings on Lloyds, RBS and other British banks.

05 Sep 2011 - 10:43

Shares in banks fell back after a report that the ratings agency Moody's is set to lower its ratings on Lloyds, RBS and other British banks.

Sky News reported over the weekend that Moody's is awaiting the Independent Commission on Banking's (ICB) report on September 12, which is expected to recommend the imposition of robust firewalls and more stringent capital requirements. According to the news channel, Moody's executives met this week with banks to hint that they will downgrade their rating on the UK banking sector's credit worthiness after the report is released.

Reuters quotes Moody's as responding to the Sky News report by saying that it has not changed its position since 2 August when it said several big British banks remain on review for a possible downgrade.

"As announced on 2 August, our review of UK financial institutions continues," a Moody's spokesman said.

"The review is a broad reassessment of the appropriate levels of systemic support that Moody's expects going forward."

More of a worry, imo, is this:
"UK/EU Banks: Following press reports earlier Friday, post US market Friday the FHFA (Fannie/Freddie regulator) filed lawsuits against 17 banks/FIs , including Barc, DBK, HSBA, CSGN, RBS, alleging mis-selling of mortgages to Fannie Mae and Freddie Mac (Total $201bn)."
It appears LLOY is not on the list, but RBS certainly is.

i agree HC - some fool on another bb tried to say it only affected barcs which is rubbish - this is very serious indeed and i expect more south tomorrow, then other problems as well - a real rough ride ahead imo but also opportunity

i am amazed anyone is buying at these levels when rbs being sued for at least 3.7B + other turmoil - incredible
gla

I am dipping my toe in barc/lloy/rbs at these levels. i think a lot of this doom and gloom is factored in now. Maybe people are becoming immune to
"the end is nigh" i think i am.