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 -

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.

"A dog with flea's" To quote Mr Gekko

These look cheap at 223p.

Reuters - Royal Bank of Scotland (RBS.L) has taken a 3.1 billion pound ($3.92 billion) provision as it prepares to settle claims in the United States that it mis-sold toxic mortgage-backed securities in the run up to the 2008 financial crisis.

The surprise provision means that RBS is unlikely to make a profit in 2016, the ninth straight year the bank has failed to make an annual profit.

RBS is currently in negotiations with the U.S. Department of Justice over the settlement, the timing of which is still uncertain.

This is the first time that RBS has set aside any money to directly cover a settlement with the U.S. Department of Justice over the alleged decades-old mis-selling of mortgage-backed securities.

RBS is the latest European bank to be close to a settlement with U.S. authorities. Credit Suisse (CSGN.S) earlier this month agreed to pay $5.3 billion and Deutsche Bank agreed to pay (DBKGn.DE) $7.2 billion to settle their respective mis-selling cases.

These settlements stem from an initiative launched in 2012 by former U.S. President Barack Obama to hold Wall Street accountable for misconduct in the sale of the securities that helped to trigger the worst economic crisis since the Great Depression.

RBS Chief Executive Ross McEwan has been trying to clean up RBS's balance sheet and end an array of legal cases so the government can sell its more than 70 percent stake in the bank after a 45.5 billion pound bailout during the financial crisis.

The British government has said that the uncertainty about the scale of the penalty is one of the reasons why it halted plans to sell any further shares in the lender.

"Putting our legacy litigation issues behind us, including those relating to RMBS, remains a key part of our strategy," McEwan said in a statement.

RBS said in the statement it continued to cooperate with the Department of Justice, although it remained uncertain when a settlement might be reached."

Undervalued imo.

Final Results

RBS says to close more than 150 bank branches in Britain

Descending triangle or pennant?

They wont have any branches left at this rate.

RNS today. Government stake reduced to 70.85% from previous notification of 71.85%.

Of course they are going to sell it at a loss just as things start looking up!

The Royal Bank of Scotland Group plc (together with its subsidiaries, "RBS") has reached a settlement with the Federal Housing Finance Agency ("FHFA") as conservator of Fannie Mae and Freddie Mac, to resolve claims by FHFA in relation to RBS's issuance and underwriting of approximately US$32 billion (GBP25 billion) of residential mortgage-backed securities ("RMBS") in the US. As part of the settlement, FHFA's outstanding litigation against RBS will be withdrawn.

Half Year Report

Highlights

● Tangible net asset value (TNAV) per share of 300p increased by 4p, compared with 31 December 2016, principally reflecting the H1 2017 attributable profit.

PBB, CPB and NatWest Markets adjusted operating performance

● Across our three customer facing businesses, PBB, CPB and NatWest Markets, adjusted operating profit of £2,678 million was £608 million, or 29.4%, higher than H1 2016.

● UK PBB adjusted operating profit of £1,270 million was £205 million, or 19.2%, higher than H1 2016. Total income of £2,755 million was £140 million, or 5.4%, higher driven by increased lending, with net loans and advances 9.9% higher at £138.5 billion.

● Ulster Bank RoI adjusted operating profit of £90 million was £32 million, or 26.2%, lower than H1 2016 principally reflecting a lower net impairment release and reduced income on free funds.

● Commercial Banking adjusted operating profit of £781 million was £118 million, or 17.8%, higher than H1 2016 primarily reflecting reduced expenses associated with lower headcount and an intangible asset write-down in H1 2016. In addition income was £51 million, or 3.0%, higher at £1,750 million driven by customer deposit growth and re-pricing benefits across lending and deposits.

● Private Banking adjusted operating profit of £96 million was £23 million, or 31.5%, higher than H1 2016 driven by a £38 million, or 14.8%, reduction in adjusted operating expenses principally reflecting cost reduction initiatives.

● RBS International adjusted operating profit of £100 million reduced by £6 million, or 5.7%, compared with H1 2016 driven by a £22 million, or 32.4%, increase in adjusted operating expenses principally reflecting increased regulatory costs in relation to ring-fencing.

● NatWest Markets adjusted income of £980 million was £299 million, or 43.9%, higher than H1 2016. An adjusted operating profit of £341 million compared with £41 million in H1 2016.

Capital Resolution, Williams & Glyn and Central items adjusted operating performance

● Capital Resolution adjusted operating loss of £135 million was £848 million lower than H1 2016 principally reflecting materially lower disposal losses and impairment charges in H1 2017 and a £282 million, or 68.0%, reduction in adjusted operating expenses to £133 million. RWAs of £26.6 billion were £15.7 billion, or 37.1%, lower than H1 2016.

● Williams & Glyn adjusted operating profit increased by £37 million, or 18.8%, to £234 million driven by a £39 million, or 19.8%, reduction in adjusted operating expenses reflecting a substantial reduction in headcount.

● Central items adjusted operating profit of £284 million, compared with a loss of £128 million in H1 2016, included a £51 million VAT recovery (H1 2016 - £227 million) and a £154 million gain in respect of IFRS volatility (H1 2016 - £668 million loss).

Q2 2017 RBS Performance Summary

● An attributable profit of £680 million compared with a loss of £1,077 million in Q2 2016 and a profit of £259 million in Q1 2017. The Q2 2016 loss included litigation and conduct costs of £1,284 million.

● An adjusted operating profit of £1,690 million was £974 million higher than Q2 2016 and was £319 million above Q1 2017 principally reflecting an IFRS volatility gain of £172 million, compared with a loss of £18 million in Q1 2017.

● Across our three customer facing businesses, PBB, CPB and NatWest Markets, adjusted operating profit of £1,352 million was £305 million, or 29.1%, higher than Q2 2016. Adjusted RoTE was 14.3% compared with 11.0% in Q2 2016.

● Q2 2017 NIM of 2.13% was 8 basis points lower than Q2 2016 principally reflecting the impact of asset margin pressure and mix impacts across the core businesses. Compared with Q1 2017, NIM reduced by 11 basis points to 2.13%, with the majority of the reduction driven by a conscious build-up in liquidity as we manage for litigation and conduct costs, including FHFA, and accelerate MREL and other wholesale funding plans into H1 2017. In addition, conditions in the UK mortgage market have become more competitive, contributing to a 9 basis point reduction in UK PBB NIM.

● Net loans and advances across PBB and CPB increased by £1.8 billion in the quarter to £277.7 billion driven by mortgage growth in UK PBB.

52 week high.

Seems to have got on an uptrend for some reason and far stronger than LLOY or BARC.

Only another 50 points and I'll have to go and find my spreadsheet to find out what I paid ;-)

Thanks Skinny. I'm looking at the last couple of month or and RBS seems to have found a strong uptrend. BARC is struggling I think due to concerns around inappropriate trading abroad. LLOY disappoints me.

I don't hold any RBS currently, but LLOY are one of my bigger holdings - SIPP, ISA and S/B - lowest price paid @24.48p.