ANYONE KNOW WHY THE ROYAL BANK OF SCOTLAND IS SHOWING A SHARE PRICE AROUND THE 6.59 MARK WHEN IT WAS 18.00 OR SO THE OTHER WEEK OR AM I GOING STRANGE?????????????

apparently RBS was downgraded last night by a ratings agency effectively saying they are the weakest of the ones left.

Unfortunately I knew that already!

its like when sp goes down when they were shorted early in year.....then they get downgraded.....market value slashed......and it goes down more and so it continues.

we will be communist soon when uk is bankrupt and businesses go bust......3 million homes repossessed, millions going bankrupt, unemployment min of 2.5 million

For once in my life I agree with the above poster UK Britain is bust and RBS could be a spectacular example of a untergang of a UK bank.

Don't really understand the implications of rbs going bust. They finance thousands of businesses does this mean they call in the loans and cut the credit lines forcing a huge contagion of bankruptcies?

Edited again!

The Royal Bank of Scotland Group plc (RBS) - Merrill Lynch Banking & Insurance Conference 2008

Sir Fred Goodwin, Group Chief Executive, presents at the Merrill Lynch Banking and Insurance Conference in London today
http://http://www.investors.rbs.com/downloads/Merrill_Lynch_Conference_7_Oct_08.pdf

Summary:-

The outlook for 2009 is challenging and presents a changing competitive landscape.

We have franchise and operational strength to meet these challenges.

We are delivering against our plans and targets.

We have the flexibility to respond to organic opportunities as they emerge.

Nothing wrong with RBS then!

what does ATMS stand for?

No way RBS will go bust...they are very discrete in their borrowings.

Yes but what about their spending? -):

ATMS? Automated teller machines, or if you are Australian:- Australian Traditional-Medicine Society ;o)

Stan :o)

Or in Thailand the girls refer to a punter as a ATM

Anus to Mouth (aka rimming)?

Incredible RBS dedy rumour that they have approached GB for extra funds and yet the price collapses.

Tried to buy through Selftrade but wouldn't get through.

Bet they have to go cap in hand now down 35% at 96.30

Just managed to buy some at 98p

LONDON, Oct 7 (Reuters) - The British government is not holding a conference call today with banking chief executives, a government source told Reuters on Tuesday.

Earlier an industry source said banking chiefs were scheduled to hold a conference call with government officials on Tuesday afternoon.

'There is no conference call with CEOs today,' the government source said.

European governments are looking at various ways to help ease a lending crisis and restore confidence in the banking system. Keywords: FINANCIAL BRITAIN/CALL

tf.TFN-Europe_newsdesk@thomsonreuters.com


Who to believe eh?!

No bank's for me. Makes my heart go to fast. Managed to top up with Autonomy
at 770

stop selling !

lol

buy for 2 and sell at 25p ! that will stop them .