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 -

A close and hold above 380 would be fairly significant - maybe too much for today though.

Tempted to take a short against my really, really long term holding at these levels.

Did so and closed for +12.

Half Yearly Report - Part 1

Half Yearly Report - Part 2

Half Yearly Report - Part 3

RBS set to raise $4 billion from U.S. listing of Citizens

(Reuters) - State-backed Royal Bank of Scotland aims to raise up to $4 billion (3 billion pounds) from the share flotation of its U.S. bank Citizens Financial Group this month, it was announced on Monday, putting it on track to be the biggest U.S. bank share offering this year.

Investec Hold 344.70 344.20 340.00 355.00 Upgrades

SCOTTISH REFERENDUM

In response to press speculation in relation to re-domicile, The Royal Bank of Scotland Group plc ("RBS") confirms that, as set out in the risk disclosures in RBS's Annual Report, there are a number of material uncertainties arising from the Scottish referendum vote which could have a bearing on the Bank's credit ratings, and the fiscal, monetary, legal and regulatory landscape to which it is subject. For this reason, RBS has undertaken contingency planning for the possible business implications of a 'Yes' vote. RBS believes that this is the responsible and prudent thing to do and something that its customers, staff and shareholders would expect it to do.

As part of such contingency planning, RBS believes that it would be necessary to re-domicile the Bank's holding company and its primary rated operating entity (The Royal Bank of Scotland plc) to England. In the event of a 'Yes' vote, the decision to re-domicile should have no impact on everyday banking services used by our customers throughout the British Isles. However, RBS believes that it would be the most effective way to provide clarity to all our stakeholders and mitigate the risks previously identified in our Annual Report.

The vote on independence is a matter for the Scottish people. Scotland has been RBS's home since 1727. RBS intends to retain a significant level of its operations and employment in Scotland to support its customers there and the activities of the whole Bank.

It will be interesting to see what effect that announcement has on the share price.

Trading Update

Q3 2014 Trading Update

RBS today provides an update on Q3 2014 financial performance.

· Q3 2014 has seen continued improvement in economic conditions and asset prices in our key markets, including Ireland. This has supported a further quarter of strong operating performance by RBS Capital Resolution ("RCR"). We anticipate that RCR will record net impairment provision releases in the region of £0.5bn in Q3 2014.

· RCR's future overall costs and speed of wind-down remain subject to significant potential volatility. The potential exists, if market conditions remain favourable, for RCR to incur limited future impairments and disposal losses, and an accelerated timetable to achieve its wind-down goals.

· Rising Irish residential property prices combined with pro-active debt management has resulted in lower arrears in Ulster (excluding RCR), within Personal & Business Banking. As a result we expect Ulster to record net provision releases in the region of £0.3bn in Q3 2014. The potential exists for further releases in future, if market conditions continue to improve.

· There has been an absence of large one-off impairments and lower levels of new non-performing loans in the rest of RBS's business during Q3 2014.

· RBS now expects to significantly outperform its previous guidance of c£1bn total impairments for FY 2014. Previously disclosed uncertainties remain, particularly relating to conduct and litigation matters.

· Corporate & Institutional Banking revenues have been weaker than anticipated in the third quarter.

· RBS took advantage of improved market prices to dispose of c€9bn legacy available for sale debt securities. These disposals generated a loss of around £0.2bn in Centre revenues. We expect these transactions to be moderately capital ratio accretive.

The figures quoted in this statement are preliminary estimates and unaudited. RBS will release its Q3 2014 Interim Management Statement on 31 October 2014.

UK closer to selling shares in bailed-out RBS - UKFI

(Reuters) - The body that manages Britain's bank stakes said it is closer to selling shares in Royal Bank of Scotland (RBS.L) and has seen growing appetite from financial institutions interested in buying the shares.

Oliver Holborn, head of capital markets at UK Financial Investments (UKFI), also said he had met with the agency's advisor JP Morgan more than 5 times to discuss the issue during the past month.

Interim Management Statement

EBA Stress Test Result Correction 21 November 2014

The Royal Bank of Scotland Group plc ("RBS") has recognised an error in its calculation of the modelled Common Equity Tier 1 ratio ("CET1") for the 2014 European Banking Authority ("EBA") stress test results, originally published on 26 October 2014. This led to RBS's published CET1 stress test ratios being overstated. This error relates solely to the EBA stress test. RBS's reported CET1 regulatory capital ratio as at 30 September 2014 of 10.8% is not affected.

more...

3+ year high earlier @399.80p.

On edit - make that 400.20p.

Statement on the publication of the 2014 Bank of England stress test results

A piece in one of my financial comics says that Gordon Brown is not too far away from becoming Chairman of RBS.

After the May election he will no longer be an MP and will need something to do.

Funnily enough, Royal Bank of Scotland will be needing a new chairman, since Sir Philip Hampton will be switching to GlaxoSmithKline late in 2015.

Brown's CV looks right and he knows about finance (Yes? Yes!) and he is Scottish which should help with this particular bank. He can turn around dire situations and also play the long game (eg, against Tony Blair). RBS also owes him a favour after he rode to the rescue in 2009.

In fact, he is very near the absolute perfect match for the job!

RBS Royal Bank Scotland looks to have been way oversold a presents an opportunity for a medium term trade. TGT 415p

Royal Bank of Scotland has come under fire again for mis-selling government-backed loans to small businesses.

Following an internal investigation, the state-backed giant has admitted failings in the way it sold Enterprise Finance Guarantee (EFG) loans.

The EFG was set up in 2009 to boost lending by providing a 75 per cent government guarantee to banks willing to lend to viable small businesses which could not get credit.

But RBS, the biggest user of the scheme, says staff incorrectly told some customers they were covered by the government guarantee.

This lulled small firms into a false sense of security and after several customers defaulted on their loan repayments, they discovered that they remained liable to the bank for the entire outstanding loan.

The Federation of Small Businesses said the revelations would hurt already-poor levels of trust between businesses and banks.

John Allan, its national chairman, added: ‘We are deeply disappointed that yet another example of a bank mis-selling to businesses has come to light. It is completely unacceptable for firms to be misled in this way.’

RBS (up 0.1p to 362.8p) initially played down the damaging allegations. But an internal investigation led by Alison Rose, the head of commercial and private banking, has found evidence RBS was at fault.

The failings infuriated business secretary Vince Cable who visited senior RBS executives to discuss the problem. He said: ‘I have asked that RBS puts the situation right as quickly as possible, so that neither RBS customers nor taxpayers are adversely affected.’

The bank has started to contact up to 1,800 customers who have defaulted on their loan or struggled to meet their repayments. It said just 320 have defaulted.

Daily Mail

Deutsche Bank lost $150million on CHF volatility and Barclays lost "tens of millions" according to Dow Jones reports. I wouldn't touch this share with a bargepole right now.

Loads errrrrrr money doodlemug.

Chart of the week: Royal Bank of Scotland - ideal trade at low risk

Jefferies International Buy 384.00 384.00 500.00 530.00 Reiterates