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 -

agreed but this govt has lost the plot, the way they have be banging on about blair and milliband for europe posts said it all. my reason for 30p is that this is a sensetive period and people run screrd on the slightest bad news !

I hope I'm wrong because i do hold !!

Royal Bank of Scotland is close to agreement with the government over its proposed participation in the toxic asset protection scheme (APS) and also confirmed weekend reports it will have to divest some of its businesses to meet EU rules.

The 70% state-owned bank said " It expects the agreement on the APS to reflect market improvements since February and RBS's ongoing recovery whilst giving protection against future potential stressed case losses".

Negotiations between the European Commission and UK government are in their final stages and will include "some divestments not initially contemplated", the statement added.

It remains RBS's goal that any required divestments do not threaten its recovery plan, which is already underway, it said.

Full details will be released not later than Friday when its third quarter results are also published, RBS added.

Stories over the weekend suggested that the government's stake in RBS could rise to as much as 84% from the current 70% as part of a deal that will see 270bn of toxic loans transferred into the state-backed insurance scheme.

RBS is also fighting to hang onto its US-based bank Citizens Financial against EU pressure to divest it, according to other reports.

RBS Says Near APS Deal With UK, Sees Unexpected EU Divestments





By Patricia Kowsmann
Of DOW JONES NEWSWIRES

LONDON -(Dow Jones)- The Royal Bank of Scotland Ltd. (RBS) said Monday that its agreement with the government over an asset protection scheme is being renegotiated to reflect market improvements, and it expects "divestments not initially contemplated" under talks with the European Commission.

"It remains RBS' goal that any required divestments do not threaten its recovery plan which is already underway," said the U.K. bank, which is 70%-owned by the government.

RBS and peer Lloyds Banking Group PLC (LYG) - both bailed out by the U.K. government last year - are expected to divest from some businesses for competitive reasons under a pending European Union ruling.

RBS said it is "close to agreement" with the Treasury in regard to the APS talks and that negotiations with the EU are in their "final stages."

The bank said it will make further announcements on both issues by the time it releases its third-quarter results Friday.

RBS and Lloyds are both negotiating with the U.K. government about an agreed-on insurance plan to ring-fence banks' bad assets.

Under the plan, both RBS and Lloyds would pay the government a fee and give it a larger government stake. Since it agreed on the insurance in March, however, market conditions have improved, and Lloyds is trying to escape participating on it altogether.

RBS is feeling the heat now...down 8% within 15 minutes.

so long as my own banking arrangements within RBS group are not affected, i'm not much fussed ..... from what i heard yesterday, all this jiggery-pokery will not actually be activated for some time yet - 12 months or so?

cynic by which time we may well have a government prepared to take on the bureaucrats in Brussels.

its almost 40p again

anyway, you are by far the most evil and vile person on moneyam, hyleo.......i hope something nasty happens to you soon

i dont hold rbs but dont wish anything to bad on their shareholders unlike you......you are vermon

Bit harsh marni. Not sure freedom of speech extends that far! (Vermon???)

about par for the course .... why would you expect other from that quarter?

That's his name isn't it?

Vernon ...

used to be in Thunderbirds if I recall ...

WE'RE ALL FRIENDS HERE.
Lrt's kiss and make up

cynic and marni first........

would rather kiss you and that damn emu of yours - lol!

cynic is too busy staring at moneyam all day......and part of evening.......oh he has important business to do too as my mate kate bates informed me, lol

Virgin To Set Up Bank In 2010, Looking At Assets - Founder





MILAN -(Dow Jones)- Virgin Group founder Richard Branson Monday confirmed the group's intention to launch a new bank - Virgin Bank - in the new year, adding that Virgin Money is looking at the assets of three U.K.-based banks.

"We will be setting up the new bank in the new year," Branson said.

"We may also buy some assets of the nationalized banks," he added.

Last week Virgin Money, a unit of the group, said it has submitted its application with the U.K.'s Financial Services Authority to open a bank.

According to press reports, Virgin Money is looking at bidding for Northern Rock assets. Royal Bank of Scotland Group PLC (RBS) and Lloyds Banking Group PLC (LYG) are expected to announce business divestments as early as Tuesday, in a move to fulfill requirements by the European Union after being bailed out by the U.K. government last year.

Branson didn't comment when asked about a direct interest in Northern Rock.

When asked about the possibility of continuing the sponsorship of Formula 1 team Brawn, Branson said an announcement will be done in a month's time.

i wouldnt trust that devious branson........he's probably in cahoots with brown as he was involved with that stupid northern rock deal

27 billion to keep northern rock......and they reckon to sell it for about 200 million

the gov will never recoup money from northern rock

isn't marni extraordinary ..... almost everyone except her, is an arsehole, a crook, a fat and bald bastard or some other unwarranted and abusive epithet

i still favour getting this stupid stubborn old dutch tart shot.

ING was dutch wasnt it! oh and ABN AMRO was dutch too which RBS foolishly bought.........maybe this kroes cow is after anyone that annoys the dutch.

has anyone seen pics of her.......she has thousands of wrinkles on her face, she looks about 125

So what? She may look 125 but she way more powerful than u or me, marni. hahahah!