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 -

1000's of staff let go next year.

The Government has diluted a key element of its crackdown on British banks in the wake of threats by HSBC to move its headquarters out of Britain.
George Osborne announced a string of reforms yesterday designed to increase bank stability and reduce the chances of taxpayers having to bail out troubled banks again.
The Chancellor said that he was implementing the main recommendations of Sir John Vickers, the chairman of the Independent Commission on Banking, including the ring-fencing of high street banking operations.
However, rules to force banks to set aside huge amounts of additional loss-absorbing capital have been adjusted in a way that could help HSBC, in particular, banking experts said.
Sir John envisaged large banks being forced to build loss-absorbing cushions equivalent to at least 17 per cent of their worldwide assets.
But in his formal response yesterday, Mr Osborne said that the new formula need not apply to non-British assets so long as the bank could show there was no risk to British taxpayers.

Assets outside UK can be excluded from the formula. so, it is not that bad.

The economical situation is very dynamic. North Korea does not need any mor weapon. Will move towards democracy. Not good for the big army over there. They should go back home.

From an investment point of view whilst it will make the banks less risky, future returns will be lower than those enjoyed a few years ago.
2517

just befrore i go when is HESTOR now going to resign has we now no that it is the simpleton OSBORNE WHO IS RUNNING THE BANK is hands are tied what muppet would want that or is hestor only in it for is salary

A dull bank of the future.

I have been extremely fortunate in having a non interrupted working life, ie never unemployed or having to claim benefits, however it doesn't matter how many pats on the back or commendations you get, it is money that pays the bills and governs your lifestyle, and I imagine that Hestor is no different to the vast majority of us, he 'works' for the money, it is the best (only) motivator.
2517

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We all work for money. However some people do not bother about others and can do crime (direct or indirect) to gain and do not bother about the effect on their peers.

Is he one of them?

I only gamble for my money these days but i did work for serveral big companys
and the reason i left the last one was a young guy with contacts in the directors
but was has thick as a blank i refused to assit him and told them to stick it .
in the next few weeks of going i was contacted 5 times any one who likes being a puppet might as well kill them selfs after 9 months he was sacked he cost the company thousands jobs for the boys destoys companys and so does workers who are to scared to speak out like at rbs goodwin did what he did because of bad staff not speaking out

rbs will have too have a share consolidation when they sellmost of the company
be very careful

Been out for a while,----mnamreh, I can't think of many cases where people work for the sheer love of the job other than those who are wealthy enough not to have to worry about money, after all without it you can do nowt.
2517

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No offence taken, the market is in holiday mode, more so at Christmas time because the hols last longer. A nice 300 point rise in the FTSE would help cheer us up.
2517

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Maybe in the future banks will once again be likened to a utility, low pe, dependable divi's etc. Mind you that's a long way off.

mnamreh------'Generous spirit', may be not + 300 on the FTSE brings me within shouting distance of that much coveted M&S voucher. lol
Likewise to you and yours for 2012
2517

Until the late 90s, many, who were doing research as well as "teaching" in Universities and Technology college environments were doing so for lower salaries and more responsibilities than they would have had in industry.

(Some did manage a combination of private and public.)

The reduced financial reward was base on their enthusiasm, the reward from the research itself and sometimes enjoyment of "teaching or educating" others.

There are many other areas where Mammon doesn't rule

I started my working life on an extremely low salary, my motivation was the fact that however lowly paid I was, that money was badly needed in our household and I had to work to get it, the other motivator was the fact that I knew in years to come my salary would be much higher than many in my area. So whilst I (mostly) enjoyed what I did, the crux of the matter is you have to have money.

I also did voluntary work helping youngsters with their various sports, helping at the local hospital to feed and entertain youngsters because of chronic staff shortages, and parents weren't too bothered, and you are right Fred it was highly rewarding, but sadly that didn't pay the bills. So I reiterate my post 343.
2517

Fred - that's still the case today.

2517 post349
it sounds like my start in life
but we have made it and i am not that educated
so it is shows being smart is has good as any degree