The Royal Bank of Scotland Group plc

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  • Mar. 9, 2011, 7:35 AM

    Some of the scenarios - such as falls in stock prices and GDP - for the EU's new stress tests are actually more benign than last year's failed version. "It was a joke last time, why is it not going to be a fudge this time," says an analyst.

    | Mar. 9, 2011, 7:35 AM
  • Mar. 8, 2011, 8:42 AM

    The adverse scenarios in which banks will be examined in new and improved EU stress tests: a fall in EU GDP of 0.5%, a 15% drop in share prices, a 75 basis point rise in bond yields, a 125 basis point hike in money rates, and continued depreciation of the greenback. Nassim Taleb, phone home.

    | Mar. 8, 2011, 8:42 AM | 1 Comment
  • Mar. 4, 2011, 10:10 AM

    Expected to last until June, the EU begins a new round of banking stress tests today. Stricter procedures are promised this time after the last exams gave Irish banks a clean bill of health weeks before they imploded.  EUFN -0.5%.

    | Mar. 4, 2011, 10:10 AM
  • Feb. 24, 2011, 7:24 AM
    RBS shares -3.7% in London after losing £1.1B in 2010, much of it due to spiking loan losses in Ireland. "The legacy issues for the group are large and enduring, it isn’t a pretty picture," says a banking analyst. RBS is 83% owned by the U.K. government. (PR)
    | Feb. 24, 2011, 7:24 AM
  • Feb. 17, 2011, 9:59 AM
    U.K. banks rise as Chancellor George Osborne is reportedly looking to ease tough liquidity measures, not only saving the institutions £100M's, but also making more money available for lending. LYG +2.6%. BCS +1.2%. HBC +1.9%. RBS +2.0%.
    | Feb. 17, 2011, 9:59 AM
  • Feb. 14, 2011, 7:23 AM

    Talk of "burden sharing" and "haircuts" leads Moody's to consider downgrading the subordinated debt of banks across the EU. "These reforms demonstrate the increased willingness ... of governments to share with debtholders the cost of bailing out a failing bank." Premarket: DB -2.3%. STD -2.0%.

    | Feb. 14, 2011, 7:23 AM
  • Feb. 11, 2011, 9:36 AM

    Dubbed "reverse stress tests," the U.K. asks banks to channel Nassim Taleb, calculating if they're prepared for extreme events like a swine-flu pandemic or a Latin American coup. Bank execs call it "risk planning gone mad," and worry it's an excuse to force higher capital ratios.

    | Feb. 11, 2011, 9:36 AM
  • Feb. 10, 2011, 8:41 AM

    "There is a genuine issue here of why an investment banker would want to work (there)," says a fund manager reacting to new U.K. rules on bonuses that are more restrictive on RBS than the other large banks. Premarket: RBS -1.2%.

    | Feb. 10, 2011, 8:41 AM | 4 Comments
  • Feb. 9, 2011, 8:35 AM

    "Project Merlin" talks in the U.K. yield middling results with banks agreeing on modest curbs and disclosures on bonuses and a 2011 lending target (quota?) of £190B. The biggest beneficiaries appear to be politicians who see contributions leap from the financial sector.

    | Feb. 9, 2011, 8:35 AM | 1 Comment
  • Feb. 8, 2011, 4:27 PM
    “There is clearly a desire to be seen to be bashing the bankers again for political reasons,” says one analyst of the U.K. decision to raise the bank levy. A banker scratches his head, saying, "this is a tax on the balance sheet, and yet they want us to increase the balance sheet by lending more."
    | Feb. 8, 2011, 4:27 PM | 2 Comments
  • Feb. 8, 2011, 7:51 AM

    U.K. bank stocks show little reaction to the government's decision to raise a special levy on balance sheets from £1.7B to £2.5B. Initially planned to be phased in, improving market conditions allowed the U.K. to implement the tax all at once.

    | Feb. 8, 2011, 7:51 AM
  • Jan. 31, 2011, 7:51 AM

    The U.K. government could start selling its £46B ($73B) stake in RBS (RBS) early next year, sources say, though any offering is unlikely to take place until the sale will be profitable.

    | Jan. 31, 2011, 7:51 AM
  • Jan. 31, 2011, 7:45 AM
    There's an investment lesson in here somewhere as European financial stocks have their best January in a decade amidst a barrage of concerns over bad debt and threats of rate hikes. For the month: EUFN +8.7% vs. XLF +1.9%. STD +13.7%. SCGLY.PK +10.6%. DB +13.0%. CS +11.7%.
    | Jan. 31, 2011, 7:45 AM
  • Jan. 24, 2011, 7:17 AM

    U.K. bank stocks take a hit after benign reforms proposed by the head of the Banking Commission are outweighed by Deputy PM Nick Clegg saying there is a "very strong case" for breaking up the banks. Premarket: RBS -3.5%. LYG -3.9%.

    | Jan. 24, 2011, 7:17 AM
  • Jan. 21, 2011, 7:29 AM

    Royal Bank of Scotland (RBS) rockets 6.3% premarket on a plan for the bank to exit a U.K. insurance fund set up as a government backstop for hundreds of billions in risky assets. The move could save RBS £100M in 2011.

    | Jan. 21, 2011, 7:29 AM
  • Jan. 20, 2011, 5:19 PM
    As European banks look to raise capital by unloading non-core assets, Mitsubishi (MTU), is a buyer. "To get a respectable position globally, overseas expansion is inevitable," says its CEO. The U.S. also remains a target for the bank, which spent $9B to buy 20% of Morgan Stanley during the GFC.
    | Jan. 20, 2011, 5:19 PM
Company Description
Royal Bank of Scotland Group (The) PLC is an international banking and financial services company. The Company through its subsidiaries provides banking products and services to personal, commercial and large corporate and institutional customers.
Sector: Financial