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 -

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.

13th Jun..... Credit Suisse 265.00 Underperform

13th Jun.... Berenberg 190.00 Sell

Perhaps Hester's departure would clear the way to break up the bank and create more competition on the high street, separating RBS from Natwest would be a start.

Ulster Bank: Up to 1,800 jobs to go in cost-cutting move.

Investec Buy 299.90 310.00 320.00 Reiterates

FCA fines RBS bank 5.6 million pounds

LONDON | Wed Jul 24, 2013 10:24am BST
(Reuters) - The Financial Conduct Authority has fined Royal Bank of Scotland 5.6 million pounds for incorrectly or not reporting at all transactions it made in the wholesale market.

The FCA said on Wednesday the bank failed to properly report 44.8 million transactions between November 2007 and February 2013, and failed altogether to report 804,000 transactions between November 2007 and February 2012.

This represents just over a third of relevant transactions by the bank over these periods and the FCA said many of the problems with RBS' systems were compounded by its takeover of ABN Amro in October 2007.

Interim Results - Part 1 of 7

Interim Results - Part 2 of 7

Interim Results - Part 3 of 7

Interim Results - Part 4 of 7

Interim Results - Part 5 of 7

Interim Results - Part 6 of 7

Interim Results - Part 7 of 7

Royal Bank of Scotland names Ross McEwan as new CEO