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 -

Shares in Royal Bank of Scotland (RBS) were under heavy selling pressure on Friday as the bank's first-quarter results are likely to prompt earnings downgrades to consensus estimates, according to Nomura which kept its 'reduce' rating and 300p target price for the stock.

Nomura said: "On first look, we sense downgrades in consensus estimates as the group is annualising pre-provision profits of £7.5bn against full-year consensus of £8.2bn, with impairments only modestly better than consensus. We retain our cautious view on the stock."

it seems RBS are wringing their hands that they have £20bn set aside for lending to s/m-s businesses, but can find no takers ..... what a load of hogwash!

very briefly .... our biz is m/s, consistently profitable, with a client base that is 98% o'seas (thus all export which apparently uk ltd is clamouring for) .... we had banked with RBS for about 15 years and had a very good relationship including an invoice discounting system; we were all operating very happily, successfully and profitably..... we wanted to expand prudently, but RBS effectively forced us to bank elsewhere (we have - at ABN) because under their new regime, they could not pigeonhole us, and their new invoice discounting system could not accept our invoices for china, saudi, india and most south american countries, despite the fact that some of the companies in those regions are serious multi-nationals, and others were of very significant size and credit-worthiness within their own region

so, RBS, cut the crap!

indeed, over the last 20+ years (banks were much more "sensible" before that) we have consistently found uk banks to be totally incapable of commercial thought processes and have thus often found funding when needed either in nl or germany or occasionally in f/e

That sounds disgraceful and just adds fuel to the charge that some in the banking industry are there to serve disproportionally the banking industry.

and that story is 100% true .....

when we first moved (from barclays) to rbs, rbs's reaction was that though they didn't really understand the business - it's marginally esoteric but hardly extravagantly so - they quite liked what they saw and were happy to take us on board; we never ever failed on a payment or even a forecast .... now, unless you tick ever single box as set out by their "grey" credit committee, you are effectively thrown out of the door

particularly annoying, was rbs's teeth-sucking reaction to our significant biz with china, india, saudi and south america ..... rbs did not want to recognise that these are the very areas where economies are still growing apace ..... on the other hand, greece, portugal, spain and ireland were 100% acceptable credit risk!

the reaction from the dutch was similar to what we had first encountered at rbs ..... as our business is leasing shipping containers for liquids, chemicals and gases, the dutch have some understanding as rotterdam is "centre of the world" for that industry, but it's hardly a zillion miles from uk and london!

RBS chairman says aiming for share sale by end 2014

LONDON | Tue May 14, 2013 2:21pm BST

(Reuters) - Royal Bank of Scotland's chairman Philip Hampton said the bank was planning to be in a position for the government to start selling its shares by the end of 2014.

Hampton also said that he was satisfied with the bank's capital position and plans to strengthen it in order to meet tougher regulatory requirements.

"We have the ambition of putting the government in a position to sell the shares towards the end of 2014. Then it is the government's decision," Hampton told reporters before the bank's AGM on Tuesday.

To tired to trawl back, can someone remind us what we payed for this lot?

Goldman Sachs Neutral 298.75 360.00 - Reiterates

Oh come on what do we need SP wise to get out evens with this lot? -):

ED: Seem to remember 500 or was it 700p mentioned a week or two back.

407p is considered to be roughly the Government buy in level.

Royal Bank of Scotland to cut 1,400 jobs in UK

(Reuters) - Royal Bank of Scotland will cut 1,400 jobs over the next two years in a restructuring of its retail head office in Britain, the part-nationalised bank said on Thursday.

In a statement, the chief executive of RBS's UK retail business, Ross McEwan, said the bank would try to avoid compulsory redundancies by redeploying staff where possible.

Trade union Unite described the job cuts as "brutal".

Publication of Prospectus and Offering Circular

Numis Buy 348.75 308.00 410.00 Upgrades

Deutsche Bank Hold 348.75 275.00 - Retains

well in the blue..... bring it on skinny 410p would be a start.... .,.

I've just nudged into profit today.

RBS Update on Capital Position

The Royal Bank of Scotland Group plc ("Group" or "RBS") has been informed as to the outcome of the Prudential Regulation Authority's consideration of its capital position. The Group can confirm that it expects to further improve its Core Tier 1 capital ratio and meet its capital requirement through continued delivery against its business plan.

The key elements of the plan were provided to shareholders as part of RBS's Year End 2012 and Q1 2013 Results announcements. It contains management actions relating to reductions in the size of its Markets business and Non-Core assets, as well as the plans for a partial IPO of Citizens. It makes assumptions as to RBS profitability and regulatory capital model developments ahead of CRDIV becoming effective. Some of these actions extend beyond year end 2013. The plan contains provision for lending expansion in RBS Core UK Divisions. The plan does not call for issuance of contingent capital instruments, though this remains an option open to the Group.

RBS remains committed to a prudent approach to capital and to support for economic growth in the UK real economy.

Stephen Hester, RBS CEO commented:

"We are pleased with RBS's progress and momentum towards completing RBS's return to full financial health. Our balance sheet has been transformed and our core business has plentiful surplus funding to support continued growth in lending."

StockMarketWire.com
Citigroup has downgraded high street banks Royal Bank of Scotland (LON:RBS) and Lloyds Banking Group (LON:LLOY) in a note to investors today, despite anticipating a continued improvement in earnings. The broker advised investors not to underestimate the time it will take to return to double-digit returns, or to restart dividends. Royal Bank of Scotland has been downgraded to "sell" from "neutral" while Lloyds has been downgraded to "neutral" from "buy". Price targets have been left unchanged at 290 pence and 62 pence per share respectively.

Will the bad be taken out of BS?

A draft report from the Parliamentary Commission on Banking Standards calls for the split of Royal Bank of Scotland into a good bank and a bad bank, I have learned.

The MPs and Lords on the Commission have till next Monday to read the report and formulate their views.

Then the haggling will start, with the aim of nailing down the whole thing in the subsequent few days.

But would George Osborne and David Cameron reject a recommendation from the Commission which they set up?

glad i got out at 340p if it drops back to 295p will think about geting back in

Barclays Capital Overweight 331.45 327.50 300.00 370.00 Upgrades

Hester stepping down, Lots of goodies in his.. I'm off bag.