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 -

StockMarketWire.com
Royal Bank of Scotland has made provisions for about USD2.7bn covering Payment Protection Insurance and Residential Mortgage-Backed Securities as it moves to clean up its core business and put the past behind it.

It would provision an additional USD2.2bn in relation to various US RMBS litigation claims in Q4 2015 which will reduce attributable profits for Q4 2015 by GBP1.5bn, reduced TNAV per share at 31 December 2015 by 13p, and the CET 1 capital ratio by 0.6%.

It confirmed an additional provision of GBP500m in relation to PPI in the context of the recent FCA consultation paper CP15/39, which will reduce attributable profits for Q4 2015 by GBP500m, reduce TNAV per share at 31 December 2015 by 4p, and the CET 1 capital ratio by 0.2%.

Moreover, there was a Q4 2015 goodwill impairment charge of GBP498m in respect of its Private Banking business. This will reduce attributable profits in Q4 2015 by GBP498m, but as an intangible item will have no impact on TNAV per share or the CET1 ratio.

As at 31 December 2015, RBS expects to report a CET1 capital ratio of approximately 15% and TNAV per share of approximately 350p versus a CET1 capital ratio of 16.2% (pro-forma for the full disposal of Citizens) and TNAV per share of 384p as at 30 September 2015, pending the completion of normal year end processes. These figures are preliminary estimates and unaudited.

Subject to PRA approval, we expect the adverse core capital impact resulting from the proposed pension accounting change, including the �4.2 billion accelerated payment, to be partially offset by a reduction in RBS's core capital requirements.

The timing of any such potential core capital offsets are likely to occur at the earliest 1 January 2017, and will depend upon PRA's assessment of RBS's core capital position at that time.

CEO Ross McEwan said:
"I am determined to put the issues of the past behind us and make sure RBS is a stronger, safer bank. We will now continue to move further and faster in 2016 to clean-up the bank and improve our core businesses.

"We've always been open about the scale of past issues facing RBS and although there is clearly much more to do, this announcement is a further step towards addressing legacy issues and building a great bank for our customers and delivering long term value for our shareholders."

How much has been pumped ınto thıs bottomless pıt after all these years and ıts only

worth 25p

I am ıgnorıng the massagıng of the stock splıt.

a slightly clearer 6 month chart with 25,50 and 200 dma lines

That's a grim looking chart, even when you look at it upside down!

Trust you to be standing on your head, Kimmie ;)

JP Morgan Cazenove today reaffirms its neutral investment rating on Royal Bank of Scotland Group (The) PLC (LON:RBS) and cut its price target to 335p (from 365p).

OK - it's time for me to say it. Surely this is the opportunity not to be missed.

I know prices can always go lower but I cannot believe some of the prices available at the moment.

Bought (some more) at 230.0 today.

Final Results

Where is it going to stop?

So far had two attempts to close gap @ 245 and having done so fallen back. Trying now for third time lucky. May be worth a punt leading up to Q1 results on 29/04.

Limit Buy waiting on spreads @ 245.50 if filled initial target 260p

If 220p can hold, chance of a bounce. Miles away from my Limit Buy @ 245.50 watching.

George Osborne will have to consider selling the public stake in Royal Bank of Scotland at a loss because keeping it in the public sector is bad for the bank and the economy, the outgoing head of the Treasury has claimed. Sir Nick Macpherson said it was "going to be tricky" for the state to sell all of its £19.2bn stake in RBS before the next election - a sale intended by Gideon the useless to deliver "the largest privatisation proceeds of all time"

Does thıs draın have any assets worth sellıng?

Heading for the 210 area again. Will it get there or not? and might it be today.

Sub 210 does look a good price but I may well go for HSBA or AV. instead. The dividend on HSBA is particularly attractive

Very sad to see this after Billions thrown at it. Very angry too.

Poor RBS - 158p and still nose-diving. Looks what Brexit has done to the banks.

RBS Group performed poorly in the latest European stress tests, which assess how the banks might perform in adverse economic conditions. Under the adverse conditions, RBS's capital levels fell by 7.5% - the third biggest fall of the 51 banks tested.
However, RBS said the tests showed its "continued progress" in improving its balance sheet.
RBS was bailed out by the government in 2008 and the UK taxpayer continues to hold a 73% stake in the bank. The health check of 51 lenders in the European Union was carried out by the London-based European Banking Authority and assessed how much capital banks would use up in adverse conditions, including an economic downturn.

StockMarketWire.com
Royal Bank of Scotland swings to 9-month attributable loss to £2.5bn, from a year-earlier profit of £761m.

Its net interest margin was 2.18%, from 2.12%, while its common-equity tier 1 ratio was 15.0%, from 14.5%.

Tangible net asset value per share was 338p, from 345p.

OUTLOOK
- The current low interest rate and low growth environment presents a range of uncertainties which could impact the performance of our core business. Whilst we remain committed to achieving our long term cost:income ratio and returns targets, set out in 2014, we now do not expect to achieve these by 2019 as previously indicated. We also recognise that the ongoing discussions around further tightening of regulatory capital rules could result in RWA inflation in the medium term.

- We expect PBB and CPB income to be broadly stable in 2016 compared with 2015 as strong planned balance sheet growth, particularly in mortgages but also in core commercial lending, is balanced by headwinds from low interest rates and the uncertain macroeconomic environment. We now anticipate that CIB will report a modest increase in income in 2016 compared with 2015.

- RBS remains on track to achieve an £800 million cost reduction in 2016 after achieving a £695 million reduction in the first nine months of the year. Core franchise profitability will be adversely impacted by the annual bank levy charge in Q4 2016, around £200 million, and expense inflation associated with weaker sterling. We retain our expectation that the adjusted cost:income ratio across our combined PBB, CPB and CIB businesses will improve in 2016 compared with 2015. We plan to provide further cost guidance for 2017 as part of the 2016 year end results.

- We do not anticipate a material change to the current impairment loss rate for 2016. The impairment charges taken during 2016 year to date largely relate to sector specific issues particularly in the shipping portfolio and oil and gas sector. We recognise the continuing risk of large single name/sector driven events across our portfolios given the uncertain macroeconomic environment. In the current environment there is an increased level of uncertainty; however it continues to be too early at this point to quantify the impact of potential credit losses that may result.

- We now anticipate a restructuring charge of around £1.5 billion in 2016 compared with previous guidance of over £1.0 billion, as a result of additional Williams & Glyn charges in respect of the decision to discontinue the programme to create a cloned banking platform.

- We now expect Capital Resolution disposal losses to total approximately £2.0 billion, up from the previous guidance of £1.5 billion. Total losses to date have been £997 million (of which 2015; £367 million and 2016 year to date; £630 million) including an impairment charge of £454 million in relation to the shipping portfolio during 2016 year to date. We anticipate that Capital Resolution RWAs will be in the range £30-£35 billion by the end of 2016. Excluding RBS's stake in Saudi Hollandi Bank (£7.9 billion at Q3 2016), we would expect RWAs to be in the range £15-£20 billion by end 2017.

- We continue to deal with a range of uncertainties in the external environment and also manage conduct-related investigations and litigation, including US RMBS. Substantial additional charges and costs may be recognised in the coming quarters which would have an impact on the Group's level of capital.

- In view of the above, the timing of returning excess capital to shareholders through dividends or buybacks remains uncertain.

With results like that I would have thought a drop in share price would have been in order.