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 -

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.

glad that at least i took profits here a couple of days ago

Snap ! Sold out last Friday at 37p. Thank goodness.

start watching again ..... chart below shows exactly why

An article I received yesterday...My technical analysis shows that the share price of all these stocks will move sharply - even RBS these days something of a penny share...

www.uk-analyst.com

Broker note from Ian Gordon of Exane:
"Despite 27% year-to-date relative outperformance vs European banks, we remain comfortable with RBS, with the stocks relative cheapness (0.75x 2011e tNAV) continuing to compensate for material political and economic uncertainties, and execution risks. Moreover, we highlight the fact that the glass ceiling represented by the UK Governments average in-price of 50.53p is not in play at current levels.
However, especially ahead of full-year results, we see significantly better risk/reward in Barclays and Lloyds Banking Group, so we downgrade RBS back to Neutral.

Looking ahead to results on 25 February 2010, we expect confirmation of the declining trend of losses within the non-core division to gradually refocus investor attention on the sustainable earnings potential of the core businesses. As summarised in the chart below, Q3 2009 saw a material reduction in the negative contribution from the non-core portfolios, and we expect the trend to continue, with the most severe hits in terms of asset price-related impairments and writedowns driven by downgrades to monoline insurer counterparties now likely to have already been taken.

However, following a sharp year-to-date rally, outperforming the European banks index by almost 30%, RBS now trades at 0.75x 2011e tNAV, an equivalent discount to the strongly profitable, and more defensively positioned, Barclays. As discussed in our report Enough is Enough, 26 January 2010, Barclays suffered an extraordinary sell-off in response to (we believe) misplaced capital fears, and although the stock has since recovered by 7%, we see no compelling reason why it should trade at any discount to tNAV.
Lloyds Banking Group trades on 1.0x 2011e tNAV, yet (we believe) offers much greater certainty in terms of the profile of its expected sharp decline in impairments and net interest margin recovery. This provides greater confidence that the path back to delivery of a mid-teens Return on Equity may be accomplished by 2012/13 than is currently the case for RBS."

Bonus storm as losses hit 7bn at Royal Bank of Scotland


ROYAL BANK OF SCOTLAND is about to announce losses of more than 7 billion for 2009 but will still hand out enormous bonuses to its investment bankers.

State-controlled RBS is in the final throes of negotiations with the Treasury over its bonus scheme. The talks are expected to conclude within 10 days, ahead of the publication of the banks full-year results.

The Treasury is expected to approve a total bonus pool of about 1.3 billion despite the expected losses. The move will spark a fresh furore over payments at banks that were bailed out by the taxpayer.

RBS is 84%-owned by the state thanks to huge injections of government funds. It is also being supported by a government-backed insurance scheme, which has helped to restore market confidence in the bank.

Analysts think RBSs losses will total 7 billion after a 14 billion hit on bad debts. Huge losses have been suffered on loans to businesses, on property deals and on complex derivatives. Once exceptional items are taken into account, these should be cut to 5 billion.

The only part of the bank expected to do well is its controversial investment-banking arm, which is on track to make billions of pounds in profits.

The profits are one of the key factors that will allow the bank eventually to be returned to the private sector, say analysts.

The return of bonuses across the City in recent months Goldman Sachs, the American investment bank, handed its chief executive Lloyd Blankfein $9m (5.8m) on Friday has heaped pressure on RBS to make big payouts to its investment bankers to stop them being poached by rivals.

RBS has lost more than 1,000 of its top performers to rivals in the past year. It has also sacked hundreds more associated with the worst of the record losses of 28 billion the bank racked up in 2008.

Stephen Hester, chief executive, has said he will pay investment bankers the minimum we can get away with. Hesters own pay package is under review by shareholders trying to tighten incentive targets that could have seen him earn up to 10m over five years.

A number of banks, including Barclays Capital, UBS and Morgan Stanley, have raised salaries by as much as 100% for some staff in exchange for reduced bonuses.

Hester has told UKFI, the body that handles the governments investment in banks, it should stop comparing the level of bonuses RBS pays out with rivals. He wants it to compare total pay levels instead.

RBS is expected to pay about 30% of its investment-banking revenues to staff, compared with 36% at Goldman Sachs and 50% at many other banks.