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 -

Just closed a short - gap looking to be filled.

Unfortunately only a small fraction of my holding.

Investec Sell 344.55 345.00 345.00 Reiterates

Numis Add 344.55 - 400.00 Reiterates

sp continues slide, are we looking at sub £3?

Investec Hold 326.75 345.00 335.00 Upgrades

RBS Structured Retail Investor Products and Equity Derivatives Business

RBS previously announced that it planned to exit its structured retail investor products and equity derivatives (IP&ED) business. RBS continues to make progress with its sale of the IP&ED business and is in discussions with a third party in connection with such sale. No agreement has been entered into and there is no certainty that an agreement will be reached. A further announcement will be made as appropriate.

This announcement is made by The Royal Bank of Scotland Group plc, The Royal Bank of Scotland plc and The Royal Bank of Scotland N.V. (formerly known as ABN AMRO Bank N.V.).

Anyone here still own any of these?

Yes, I still have some.

And me!

Wishful thinking!

Liberum Capital Buy 351.00 359.00 - 445.00 Reiterates

Trading Update

The Royal Bank of Scotland Group plc ("RBS" or "the Group") will announce its full year results on 27 February 2014, which will reflect the following:

Provisions for litigation and conduct related matters

· The Board of RBS has decided to provide £1.9 billion covering various claims and conduct related matters affecting Group companies, primarily those related to mortgage-backed securities and securities related litigation, following recent third party litigation settlements and regulatory decisions.

· An additional £465 million provision for Payment Protection Insurance redress and related costs. Q4 2013 claims experience has continued at previous rates (c.£225 million per quarter) rather than declining as anticipated and claims are now expected to continue for a longer period. The cumulative provision is £3.1 billion, of which £2.2 billion had been utilised at 31 December 2013. The remaining provision of £0.9 billion covers approximately twelve months of redress and administrative expenses.

· A further £500 million provision for Interest Rate Hedging Products redress and administration costs. The increase in provision reflects both higher volumes and anticipated redress payments, recalibration of our methodology based on experience during Q4 2013, and additional administration charges. The cumulative provision, including expenses, was £1.25 billion at 31 December 2013.

Operating Performance

At its Q3 2013 results, RBS announced its intention to create RBS Capital Resolution, which was established on 1 January 2014. To reflect this new strategy, RBS recognised additional impairments and asset valuation adjustments in Q4 2013. In aggregate these are expected to be in the range of £4.0 to £4.5 billion as previously announced on 1 November 2013.

Non-Core asset reduction was accelerated in Q4 2013. As a result, Third Party Assets at 31 December 2013 were below previous guidance of £35 billion. The cost of this faster de-risking process will be reflected in the division's operating loss for Q4 2013.

Q4 2013 Core operating expenses include c.£200 million of additional provisions for various conduct related and legal expenses, in addition to those detailed above.

As anticipated, Markets performance in Q4 2013 reflected normal seasonal trends.

Capital

As indicated in the capital plan announced with our Q3 2013 results, RBS continues to target a fully loaded Basel III Core Tier 1 ratio of c.11% by the end of 2015 and 12% or above by the end of 2016. The impact of the provisions highlighted above was reflected in our future capital plan, outlined at the Q3 2013 results presentation.

On a reported basis, RBS expects to report a Core Tier 1 ratio of around 11% as at 31 December 2013. On a fully loaded Basel III basis, the Group's equivalent Core Tier 1 ratio is expected to be in the range of 8.1% and 8.5%.

The figures quoted in this statement are preliminary estimates and unaudited. The normal year end results processes are currently underway. The RBS Full Year 2013 Results and Strategy presentation will be held on 27 February 2014 and available to view via webcast at www.investors.rbs.com/financial_result

Breaking News

RBS sets aside £3.1bn for new claims

RBS says it will need to set aside another £3.1bn to settle claims relating to mortgage products, PPI claims and interest rate hedging.

The bank's chief executive, Ross McEwan said: "The scale of the bad decisions during that period [the financial crisis] means that some problems are still just emerging.

RBS also said its executive committee would not receive a bonus for 2013.

Mr McEwan has already said he would not take a bonus.

TT what is the source of this breaking news?

See post 720!!

skin just a breaking repeat then!

Numis Add 338.00 374.00 374.00 Reiterates

Espirito Santo Execution Noble Neutral 338.00 365.00 365.00 Reiterates

Investec Hold 338.00 345.00 345.00 Upgrades

Morgan Stanley Equal weight 338.00 - 323.00 Retains

Citigroup Sell 338.00 290.00 290.00 Reiterates

JP Morgan Cazenove Underweight 338.00 350.00 330.00 Reiterates

Nomura Reduce 338.00 285.00 285.00 Reiterates

Credit Suisse Underperform 338.00 265.00 265.00 Reiterates

Deutsche Bank Sell 338.00 320.00 320.00 Reiterates

Crumbs this lot just get worst don't they?

interesting chart today ....

the only way is up!

RBS to retrench in investment banking, cut 30,000 jobs - FT

(Reuters) - Royal Bank of Scotland is expected to announce its withdrawal from many investment banking activities as well as much of its international business in a move that is expected to reduce staff numbers by at least 30,000 over the next three to five years, the Financial Times reported on Thursday.

The newspaper said that the restructuring will be a part of a range of cost-cutting measures and disposals adopted by Ross McEwan, the bank's new chief executive who is looking to revive the fortunes of the partly nationalised lender which was the subject of a 45 billion pound ($75 billion) government rescue in 2008. (link.reuters.com/hyq96v)

RBS, which is 82 percent owned by the British government, declined to comment on the story.

Numis Add 362.95 355.70 374.00 374.00 Reiterates