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 -

Another hitting 12 month high today @303.3

We (UBS) are raising our price targets for the UK domestic banks to reflect the better growth and profitability picture beginning to emerge, combined with lower dilution risks as the regulatory agenda fades. A focus on earnings drives our Lloyds price target to 60p (from 50p) and we upgrade the rating to Buy. Barclays’ price target rises to 315p (from 255p), and RBS to 410p. RBS remains a key Buy rating.

Just heard on the BBC that RBS are to receive a bigger fine than Barclays for their part in the LIBOR rigging scandal, but haven't yet found any press report with an accurate figure.

I just heard that also - Heads may roll at RBS over Libor

Royal Bank of Scotland is in the last delicate phase of negotiations with regulators in the UK and US on the fines to be paid for its Libor transgressions and other necessary remediation, including a possible senior resignation.

What is clear is that that UK and US fines will run to several hundred million pounds, or more than the £290m extracted from Barclays.

India's Yes Bank in talks to buy RBS India banking units - source

MUMBAI | Tue Jan 15, 2013 7:38am GMT

(Reuters) - Mid-sized Indian lender Yes Bank Ltd (YESB.NS) is in talks to buy the local retail and commercial banking operations of Royal Bank of Scotland Group Plc (RBS) (RBS.L), a source with direct knowledge of the matter said on Tuesday.

A plan by RBS, majority owned by the UK government, to sell the Indian businesses to HSBC Holdings Plc (HSBA.L) fell through in November last year, more than two years after the two banks started negotiations.

Yes Bank, India's No. 4 private sector lender with assets of nearly $11 billion (6.8 billion pounds), is likely to start a due diligence on the RBS unit soon, said the source, declining to be named as he was not authorised to speak to the media.

RBS close to Libor settlement with U.S., UK authorities - WSJ

Tue Jan 29, 2013 1:33am EST

Jan 29 (Reuters) - Royal Bank of Scotland Group is close to a 500 million pounds ($785.32 million) settlement with U.S. and British authorities over claims that some of its employees submitted false Libor rates, the Wall Street Journal reported, citing people briefed on the negotiations.

The settlement would involve the British bank pleading guilty to criminal charges in addition to paying a penalty. However, RBS executives are resisting any guilty plea, the Journal said.

The deal is expected to close within the next two weeks, the Journal reported.

RBS close to £500m Libor settlement

February 1, 2013 8:48 pm

Royal Bank of Scotland is set to pay more than £500m to US and UK authorities as early as next week to resolve allegations it manipulated benchmark interest rates, according to people familiar with the matter.

The settlement between the US Department of Justice, US Commodity Futures Trading Commission and UK Financial Services Authority is in its final stages and could be announced on Tuesday.

RBS braced for Libor rate rigging punishment

LONDON | Wed Feb 6, 2013 5:53am GMT

(Reuters) - Royal Bank of Scotland will be punished on Wednesday for its role in a global interest rate rigging scandal, with fines of between 400-500 million pounds expected.

The part-nationalised bank will be fined by authorities in Britain and the United States for the attempted manipulation of the London interbank offered rate (Libor) and other key benchmark rates. Reports have said it could also face criminal charges.

RBS response to recent media coverage

6 February 2013

The Royal Bank of Scotland Group plc ("RBS") notes the recent media coverage in connection with potential settlements with the Financial Services Authority in the United Kingdom, the United States Commodity Futures Trading Commission and the United States Department of Justice pursuant to investigations into submissions, communications and procedures around the setting of the London Interbank Offered Rate ("LIBOR"). RBS confirms that it is in late-stage settlement discussions with these authorities. Although the settlements remain to be agreed, RBS expects they will include the payment of significant penalties as well as certain other sanctions. RBS will update the market on all pertinent issues relating to this matter shortly.

RBS reaches LIBOR settlement

The Royal Bank of Scotland Group ("RBS") has reached a settlement with the Financial Services Authority ("FSA") in the United Kingdom, the United States Commodity Futures Trading Commission ("CFTC") and the United States Department of Justice ("DOJ"), in relation to investigations into submissions, communications and procedures around the setting of the London Interbank Offered Rate ("LIBOR"). RBS has agreed to pay penalties of £87.5 million, $325 million and $150 million to the FSA, CFTC and DOJ respectively, to resolve the investigations. As part of the agreement with the DOJ, The Royal Bank of Scotland plc has entered into a Deferred Prosecution Agreement in relation to one count of wire fraud relating to Swiss Franc LIBOR and one count for an antitrust violation relating to Yen LIBOR. RBS Securities Japan Limited ("RBSSJ") has also agreed to enter a plea of guilty to one count of wire fraud relating to Yen LIBOR.

the comparative chart for the last year below surprised me greatly, as LLOY (blue) has easily outperformed BARC (red) and RBS (green)



given that RBS and BARC seemingly track each other, does this mean that RBS are due a further fillip? ..... not sure

Deutsche Hold 342.20p 308.00p 325.00p Reiteration

If you have a spare couple of hours :-

Results

Highlights

RBS reports a 2012 operating profit(1) of £3,462 million, up from £1,824 million in 2011
Core RBS 2012 operating profit £6,341 million versus £6,045 million in 2011
2012 Core return on tangible equity 10%
2012 pre-tax loss of £5,165 million, after £4,649 million
accounting charge for improved own credit
Core Tier 1 ratio 10.3%, loan:deposit ratio 100%, Non-Core assets down to £57 billion

let's start using RBS thread for RBS comment once more!

i have followed RBS for quite a while, and as with so many of my stocks, i dip in and out ...... i too (like MrT) bought in again this morning at 330.7, so that's currently in profit, though BARC that i (foolishly) bought a week or so ago, is not

Just added a few @328.86.

What?????????? Why? No chart support for a while yet and possible market correction always hovering in the background.

Yes - it was rather rash, at least I've got a round number after the consolidation.

Anyway - are you suddenly a chartist convert! :-)

At the moment it is easier to pick stocks from a charting perspective rather than fundamentals, otherwise I just sit gazing at a screen, doing nothing.

I was waiting for 326.90 the recent low, but it looked to have bottomed - so I bought in.

Chicago PMI was better than expected, so 14,100+ looks likely this afternoon.

What is going to be LLOYDS results tomorrow?