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 -

i am not disagreeing about mainboard directors and those who were in control of the (mis)governance of the "failed" banks having their bonuses or similar totally anihilated ..... however, this swingeing penalty is being levied against all and sundry in the banking sector, including the share traders ..... that just smacks of spite for political ends and is without any justification, moral or otherwise

cynic the real test for us plebs is when your prospective MP knocks on your door looking for you to give them your valuable vote,you ask them why you don't receive a cash food allowance and they do. Come on it's time people grew up and recognised what politicians are trying to do and that is deflect attention away from their proven greed which will come back to haunt them shortly at the general election.

cant wait to meet my local MP and a board member of RBS......the MP will of course call before the RBS man....be great to discuss allowances.....and claims....and where the plebs fit in.....then lets hope it gets to the vice like grip.....oh to dream

At the end of the day it's time MP's realised they need us plebs more than we need them, that is of course till after the election then they are allowed to become greedy again for the next 5 years.

halifax - of course you're right ..... we pay MPs peanuts and get the deserved monkeys ..... taxing the bankers at any level is primarily just a PR stunt, but as sure as eggs are eggs, a lot of the trading banks (UBS etc) will be thinking very seriously about moving out, with the odds at about 65% (i guess) for them doing so

Excellent start to the year.

Why the move north - loads of political uncertanties includingfull gov ownership at the next election??

RBS is showing its strength upwards.

looks like a fools rally to me ..... unless someone want to buy a big stake!!!

showing me a nice profit at mo...

well its till going ..... its leaving lloyds behind!

changing your tune a bit suddenly aren't you?
i would expect a resistance at 40, and maybe even a poor day before then, though current performance implies the latter may not happen

thiswwont last sell while you can!

thiswwont last sell while you can!

Do 2 sells make a buy?

2 plinkers certainly make a plonker

Tories back Obama's bank limit plans


Mr Osborne said the Conservatives would follow the US lead.

Shadow chancellor George Osborne has told the BBC that if the Conservatives win the general election they will copy US plans to limit the size of banks. Under the proposals outlined by President Barack Obama, US retail banks will face curbs on their riskier activities.

This could lead to the largest US banks being broken up.

The Treasury said it would consider President Obama's comments on bank reform "very carefully".

BBC business editor Robert Peston said Mr Osborne's comments would "generate profound fear in the boardrooms of Barclays and Royal Bank of Scotland".

Shares in both banks fell sharply on Tuesday, with Royal Bank of Scotland losing 7% - the biggest decline on the UK's main FTSE 100 share index. Barclays lost 5.9%.

Under President Obama's proposals, retail banks would be banned from using their own money in risky financial transactions.

This would prevent them from investing in hedge and private equity funds, or engaging in so-called proprietary trading.

"This is a welcome move by President Obama that accords very much with our thinking," said Mr Osborne.

"I have said consistently that we should look at separating retail banking from activities like large scale propriety trading - and that this was best done internationally."

Cameron and Osborne actually think!

God help us.

It's a really good move by Obama to curb all these highway robbers in the banks.