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.
Further to the announcement on 19 July 2011 that Nathan Bostock intended to leave RBS to take up a new role as CEO of Wholesale Banking at Lloyds Bank, RBS announces today that after careful consideration of his position Nathan has decided to remain in his current role as Chief Risk Officer at RBS.
Sunday papers report RBS possibly facing legal action in connection with the collapse of MF Global. Alleged misleading statements from various banks led to MFG's sp being artificially inflated.
Yes, I read that in the Sunday Telegraph Harry. RBS, JP Morgan and Goldman Sachs are being sued by the IBEW Local 90 Pension Fund and the Plumbers & Pipeftitters' Local #562 Pension Fund in a class action lawsuit in New York.