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 -

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.

20:46, Sunday 16 October 2011

Sir George Mathewson, the former chief executive of the Royal Bank of Scotland (LSE: RBS.L - news) (RBS), is making a come-back to British banking as chairman of Shawbrook, a new small business lender.

The veteran banker is tasked with boosting credit lines to small firms in competition with high-street lenders - even though Shawbrook is ultimately owned by RBS.

Shawbrook, which is officially launched today, is 100pc owned by RBS Equity Finance, an independent arm of the bank.

The new institution has been formed from the combination of three lenders acquired by the division in recent years - Whiteaway Laidlaw Bank, Link Loans and the lending platform of Commercial First.

Despite the connection with RBS, the new managers of Shawbrook agree with the Governments criticism of the lending efforts by high-street banks.

Owen Woodley, a former manager at Barclays (LSE: BARC.L - news) who is Shawbrooks chief executive, said that surveys showed that small businesses found bank loan application procedures unclear and obstructive.

He said: Its all very well for a bank to say the money for SMEs is there to lend, but if the process is bureaucratic and inflexible it means nothing but lost opportunities and slowed growth.

Shawbrook, which aims to lend 250m in its first year, will not have a branch network and will work through a brokers across the country to help keep its costs down. Mr Woodley said the bank will concentrate on making it easier for credit-worthy SMEs to borrow in the most flexible and efficient way.

We have chosen to operate through brokers rather than a branch network which makes us efficient and agile, and we make fast, robust decisions based on common sense and knowledge of our customers not a computer score. said Mr Woodley.

Sir George, who masterminded the 20bn acquisition of Natwest, was credited for turning RBS into a global player. He handed the reigns of the bank to Sir Fred Goodwin but stayed on as chairman of the bank until 2006 - just before the onslaught of the financial crisis during which the bank was nationalised.

Despite a government push for more lenders to be set up to provide competition to the bigger banks few have taken up the call and the market remains dominated a small group of large banks.

Last month the Independent Commission on Banking published its report into the UK banking industry and said more must be done to increase competition.

In auction +15.6%

i was a bit cross with myself for having sold out for a modest profit at 26.0 and then seeing the price rise by a further penny or so ...... methinks i should not have been so quick to upbraid myself!

I've resigned myself to being a "long term holder" here now - I'm in profit on about a third of the RBS that I hold.