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 -

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.

.

A dead duck

lame but not yet dead will be in intensive care for some time.

This is a Scottish thing - can the UK Government allow it to fail?

Back in 2007, this was 570p - now you can use the certs as floorcovering at just 23p a throw.

It is unbelievable how badly a "non-business" can be run. (By this I mean they don't have new competitors really; folk rarely change Banks. The money doesn't become old-tech and it's selling a must-have lubricant to the economy...... how much better could it get?

The face value is 25p..... makey you weep, eh?

RNS Number : 7690N

Royal Bank Of Scotland Group PLC

07 September 2011

The Royal Bank of Scotland Group plc - Sale of Hilton Glasgow Grosvenor Hotel

RBS sells Hilton Glasgow Grosvenor Hotel to private investor

The Royal Bank of Scotland Group plc ("RBS") today announced the sale of the Hilton Glasgow Grosvenor to a private investor for GBP9.45 million in cash.

This shows continued progress with the sale of the hotel portfolio in its Non-Core Division and the asset reduction element of its Strategic Plan.

The Non-Core Division has sold 10 of 11 hotels in the RBS Hilton portfolio so far. As at June 2011, RBS has reduced assets by GBP145 billion since the Non-Core Division's inception in 2009.

yep they are also in the process of selling a division in aus - should bring in about 5B - this was a stipulation of the bail out agreement with the gov at the time
interesting little spike earlier

Glad i dipped my toe in, wish twas my foot!

lol
gl

Having banked 8.5% profit yesterday on barc/lloy/rbs. will see how dow fares and poss buy back Monday. "He who dares" or "a fool and his money" make your choice.

i prefer he who dares!! well done btw
i see a typical friday here today - another easy profit maybe here sooner than we thought!! gl

Back to 18p..?

not today - maybe next week
been a good day so far if you did not hold before this week's sp
gl

Evolution Securities initiates buy on Royal Bank of Scotland, target price 40p.

Evolution Securities initiates buy on Barclays, target price 280p.

Evolution Securities initiates buy on Lloyds Banking Group, target price 50p.

lol.

yep i know - hence as i said above - an easy profit maybe here sooner than we thought
have a good weekend all
cheers

beware though...

Bank losses

The share falls come at the end of another week of volatility in the stock markets, with shares swinging wildly between gains and losses on a daily basis.


How can the respective balance sheets of Lloyds and Royal Bank of Scotland be perceived by creditors to be so weak?

--------------------------------------------------------------------------------
Investors love the UK but not its banks
Bank stocks were among the major decliners on Friday as investors continue to worry about their exposure to bad debt.

The rate that banks lend to each other - a measure of the confidence they have in each other's balance sheets - is at the highest it has been since July 2009. (But still very low compared to prior years.)

In the UK, Barclays dropped 9.4% and Royal Bank of Scotland declined by 5.4%

Deutsche Bank fell 7%. France's Societe Generale fell 10.6% lower and Credit Agricole dropped 7.8%.

Last Updated at 09 Sep 2011, 16:35
price change %
17.45 -
-2.07 -
-10.58
And the euro fell 1.5% against the US dollar, to $1.3724, down to a six-month low.

The G7 group of leading economies is meeting in Marseille to consider a "coordinated response" to the faltering global economy.

Earlier, International Monetary Fund chief Christine Lagarde urged "bold action" on the global economy.

"The key message I wish to convey today is that countries must act now - and act boldly - to steer their economies through this dangerous new phase of the recovery," Ms Lagarde said.

The two-day meeting comes as the Organisation for Economic Co-operation and Development suggested it was possible that many major economies could go back into recession this year.

The OECD predicts the G7 economies will grow by just 0.2% in the last three months of the year.