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 -

Ministers eye nationalising Royal Bank of Scotland - FT

LONDON | Thu Aug 2, 2012 1:05am BST

(Reuters) - Senior British government figures are discussing the possibility of buying out private investors in Royal Bank of Scotland, the Financial Times reported on Thursday.

Ministers are discussing a potential full nationalisation of RBS, which is already 82 percent owned by the government, to help boost business lending to companies.

The remaining 18 percent of the bank is owned by private investors and it would cost the government around 5 billion pounds to buy them out, the FT said.

Interim Results - part 1 of 8

Highlights


Continued progress on strengthening and derisking the bank

· Non-Core third party assets were down £22 billion in H1 to £72 billion, with year-end targets revised down further to £60-65 billion.

· Group Core Tier 1 ratio improved to 11.1%, with a net £4 billion reduction in risk-weighted assets in H1 2012 despite increases to regulatory risk-weightings.

· Excluding capital relief from the Asset Protection Scheme (APS), the Core Tier 1 ratio was 10.3%. The Group intends to exit the APS in H2 2012, subject to Financial Services Authority approval.

· Customer deposits grew by £7 billion from a year earlier, with minimal impact from a credit rating downgrade during Q2 2012. Group loan:deposit ratio improved further to 104%.

· Short-term wholesale borrowings were reduced further by £40 billion during H1 2012 to £62 billion. This is covered 2.5 times by a significant liquidity buffer of £156 billion.

Operating profit stable in H1 2012

· H1 2012 Group operating profit(1) was £1,834 million, after a £125 million provision for costs arising from the technology incident in June 2012 and a £50 million provision for interest rate swap mis-selling. Excluding these provisions, the results were in line with H1 2011.

· Core operating profit was £3,185 million in H1 2012, delivering a return on equity (ROE) of 10.2%. Retail & Commercial, excluding Ulster Bank, showed favourable trends in Q2, with H1 ROE at 14.4%. H1 ROE for our Markets business was 14.0%.

· Q2 Group operating profit was £650 million, down £183 million versus Q2 2011 as lower Markets revenues and the technology incident provision were only partially offset by lower Non-Core losses.

Favourable credit trends and cost control continue

· Group impairment losses totalled £2,649 million in H1 2012, down £1,562 million (37%) from H1 2011. Core impairments were down £172 million, or 10%, with favourable trends particularly in UK Retail and US Retail & Commercial; Non-Core saw a significant reduction in impairment charges on the Ulster Bank portfolio.

· Core expenses were flat in H1 relative to a year ago, as the Group's cost reduction programme and the restructuring of Markets and International Banking offset the cost of the one-off provisions.

· Staff costs were 4% lower than in H1 2011, with employee numbers down by 5,700, principally in Markets and International Banking.

RBS poised to float insurance arm

Royal Bank of Scotland has ended talks to sell Direct Line Group to private equity firms and will instead launch a long-anticipated flotation of its insurance arm within a matter of weeks.

rather missed the boat today as was having my crown fitted, but shall look again in the morning ...... surely a major beneficiary of today's news, notwithstanding the ongoing rumbles about libor fixing etc

so i bought some this morning

With so much of the company owned by the Government, no divi and a major consolidation of the stock recently, which just masks the problems, I can't see why anyone would want to invest here atm. Most other banks are a far better investment imo.

like which? ..... i certainly have no interest in the divi, and while BARC is (i think) the only bank that wasn't bailed out by US, they have their own significant problems

There are so many shorts open, most of which cannot tolerate big rises, in such a short time.

that's a sound i'll enjoy hearing - bears squeaking loudly!

NOt started yet. I think many of them will start acting later today, IMO.

bloody hell! thought i might have paid a bit too much, but sp roaring away even from my purchase level (236.65)

I have had rbs for ages years, when they did the x for 1 share thing what was the price and how many shares were made into one Any help would be good

For memory mojo47 I believe they were around 22p at the time of consolidation at the rate of 1 new share for 10 old shares.
2517

Here is the RNS from June 6th - Sub-Division and Consolidation of Ordinary Shares

Excellent run since the start of the month.

Wish I'd listened to cynic, good move cyners.,.

Yep, tip my hat. RBS up 23% this month, LLOY up 15% this month so far.

[StockMarketWire.com
There were strong rises in shares at Royal Bank of Scotland and Lloyds Banking Group after Germany's Constitutional Court rejected a move to block the creation of the eurozone's proposed rescue fund.]

are you still in cyners?

i am indeed - lovely jubbly!

clever boy ;)