Why is it that those who have got this country and the world in the mess it is today continue to do the same by creating false rumours that the bank will be nationalised. Does the government not have enough on its hands already with Northern Rock. What the government has proposed today may not work but atleast it is better than doing nothing, the collapse of these banks will effect every indiviual whether rich or poor!
It is time these indivuiduals who create this false sense of in security and doom be ignored!

would be nice to see them hit the 50p mark by the end of the week before results come out.... well on there way today woop woop

RBS recorded group pretax profits of 15m, excluding the write-down of goodwill.

RBS said it saw core bank recovery, with operating profit of 6.3bn, with strong income growth to 17.8bn, with GBM benefiting from favourable market conditions.

The bank's cost saving programme delivered 0.6bn in the period.

Total assets reduced by 574 billion, or 26%, since December 2008.

Stephen Hester, Group CEO, said: 'This was a momentous half year for RBS. We gave a full and clear account of our vulnerabilities to the 'credit crunch'. We set out comprehensive restructuring plans, now with clear performance targets. And implementation is well under way, though uncertainties remain.

Our first half results, as we had clearly warned, are poor with a net attributable loss of 1,042 million. However, they highlight well our core business potential, the hard work of our people in difficult times, the strength of our customer franchises and the vulnerabilities and economic headwinds we grapple with.'

MCB Bank To Pay PKR7.2 Billion For RBS Operations In Pakistan





KARACHI -(Dow Jones)- MCB Bank Ltd. (MCB.KA) has agreed to buy Royal Bank of Scotland Group PLC's (RBS) operations in Pakistan for PKR7.2 billion ($87 million), a spokesman for MCB Bank said Wednesday.

MCB Bank will acquire 99.37% of the operations for PKR4.22 per share in cash, while the remaining will be bought through a public tender, Kafeel Burney told Dow Jones Newswires.

The transaction will help the local bank to strengthen its operations in urban areas and broaden its product offering to retail and corporate customers, Mian Muhammad Mansha, chairman of MCB Bank, said in a statement to the Karachi Stock Exchange.

Bank of America Merrill Lynch and KASB Bank advised MCB on the deal.

-By Haris Zamir, contributing to Jones Newswires; 91-11-43563354; meenakshi.ray@dowjones.com

hello i think that the bank is in better position , and the profit taker that came when the bank was traiding at 12p-20p are gone now after the sale off around 52p,good news are coming from every where .so i think that a pullback around 45p could push the bank near 70-80p and if they could pay some money back to uk gov big player could come and buy as well.and the picture will lock very good the chart has good sings as well so good trade and
enjoy the ride.