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 -

cynic is too busy staring at moneyam all day......and part of evening.......oh he has important business to do too as my mate kate bates informed me, lol

Virgin To Set Up Bank In 2010, Looking At Assets - Founder





MILAN -(Dow Jones)- Virgin Group founder Richard Branson Monday confirmed the group's intention to launch a new bank - Virgin Bank - in the new year, adding that Virgin Money is looking at the assets of three U.K.-based banks.

"We will be setting up the new bank in the new year," Branson said.

"We may also buy some assets of the nationalized banks," he added.

Last week Virgin Money, a unit of the group, said it has submitted its application with the U.K.'s Financial Services Authority to open a bank.

According to press reports, Virgin Money is looking at bidding for Northern Rock assets. Royal Bank of Scotland Group PLC (RBS) and Lloyds Banking Group PLC (LYG) are expected to announce business divestments as early as Tuesday, in a move to fulfill requirements by the European Union after being bailed out by the U.K. government last year.

Branson didn't comment when asked about a direct interest in Northern Rock.

When asked about the possibility of continuing the sponsorship of Formula 1 team Brawn, Branson said an announcement will be done in a month's time.

i wouldnt trust that devious branson........he's probably in cahoots with brown as he was involved with that stupid northern rock deal

27 billion to keep northern rock......and they reckon to sell it for about 200 million

the gov will never recoup money from northern rock

isn't marni extraordinary ..... almost everyone except her, is an arsehole, a crook, a fat and bald bastard or some other unwarranted and abusive epithet

i still favour getting this stupid stubborn old dutch tart shot.

ING was dutch wasnt it! oh and ABN AMRO was dutch too which RBS foolishly bought.........maybe this kroes cow is after anyone that annoys the dutch.

has anyone seen pics of her.......she has thousands of wrinkles on her face, she looks about 125

So what? She may look 125 but she way more powerful than u or me, marni. hahahah!

not if someone kills her............just like that baldy dutch politician not that long ago!

maybe hitler wasnt so bad after all by going into holland........they are both arrogant nations

Marni. have you been hittin' the booze? You are ranting more than usual! ;o)

Govt announcement on banks.

no surprise sp down today cos of that dutch bitch........from telegraph


Following yesterday's agreement, the taxpayer has now invested 45.5bn into RBS and committed to another 8bn injection if the part-nationalised lender's finances weaken dramatically. Under Mr Hester's original plans, he hoped to repay the taxpayer within five years.


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RBS investors say pay chief exec moreEurope's conditions will severely reduce the bank's profitability. RBS has been instructed to sell the insurance arm of Churchill, Direct Line and Green Flag, RBS Sempra, its commodity trading joint venture, and its global payments division, as well as 312 UK branches cutting its share of small business lending from 30pc to 25pc.

Insurance, Sempra and global payments together made operating profits last year of 1.1bn. Mr Hester said he supported the disposal of the branches, which will be bundled together under the Williams & Glyn brand, but added: "The other disposals do not improve competition." He said dealing with the EU had been "bruising".

New restrictions on bonus payments and advisory work also threaten the investment bank. Asked whether paying bonuses for staff on salaries of more than 39,000 in shares renders RBS a "sitting duck" for rivals, Mr Hester said: "Yes it does." The investment bank has been central to Mr Hester's plans to rebuild RBS.

why do you brits let old dutch bitch dictate to you..........europe has given nothing and yet uk gives huge sums every year to europe

Royal Bank of Scotland reported a net quarterly loss of 1.8 billion pounds and said it expected a slow recoveryyou dont say? it looks like Stephen Hester has slid into Fred Goodwins Shoes a treathope he is a little cheaperwith a government increased stake equalling 84 per centits hard to see whats left for the poor investorI would say a complete kerplunk.

hester doesnt use private jet........cheap seat on eurostar to meet that dutch bitch.

he doesnt import foreign fruit from paris every day either like goodwin.

slow recovery as uk economy is crap, probably worst in western world

don't tell me .... marni grows all her own veg and stuff ..... french beans from the supermarket from kenya and ethiopia? ..... not for our marni!

Yespoint takenbut can he add up?

The only thing happening at the moment is that RBS is not trading in the way they should be doing.

I think that the fact that the uk government is holding 84% is scaring the investors even more, but we are now in another world things are slightly better than 8 months ago.

The investment atmosphere is more positive, ftse and the rest of the markets are reporting better news, RBS is paying less overheads because they have less staff and less property, their shares were trading well in a up trend a month ago so more money was coming into the business.

Seriously i was expecting that the RBS bosses would come out and announce that they will be paying money back to the gov, at least to match with lloyds and start competing. I still think that it is an undervalued bank that could produce a good return in the long term future but we keep missing the positive rallys.

Look at what happened today, ftse up and the bank(RBS) down. I think that the bosses at RBS have to join the momentum and bring more hope now, because tomorrow could be to late. The level of advertisement is very poor even within RBS high street banks. There is not a single advert on tv and the morgage deals are not attractive, how can they attract new customers in this way?

Something must be happening inside the bank that we do not know about but I believe this is a good time for new profit takers as the price is very cheap. If they could push the share price up to 57p this bank could be more attractive for big players even with the 84% government ownership, good news from the rest of the banks in Q4 2009- and Q1 2010 could help as well.

RBS is one of the faces of the british banking industry with a lot of power in the US, it is a big bank and has a brand name, I think it could make it!

my target is 15p dyor.