Royal Bank Scotland PLC (RBS)
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- All Comments on RBS
- General Discussion on RBS
- Wall Street Breakfast: Must-Know News [view article]
- Settlement Auction for Lehman CDS: Surprises Behind [view article]
- Five Best and Worst Global Financial Stocks, YTD [view article]
- Europe to the Rescue? [view article]
- Subprime Writedowns and Losses for Major Financials [view article]
- The Amazing Ballooning RBS Bailout [view article]
- Financial Landscape: Writedowns, Losses and Capital Raised [view article]
- RBS Predicts Global Market Crash: What's In It for Them? [view article]
- Britain's 'TARP': Taxpayers Locked in to Potential Upside [view article]
- Wall Street Breakfast: Must-Know News [view article]
- European Banks To Consider - Barron's [view article]
- Royal Bank of Scotland Hit Hard Despite Bailout Rumors [view article]
loading ...Recent RBS Articles
- Europe to the Rescue?
- Subprime Writedowns and Losses for Major Financials
- The U.K. Plan Looks Smart
- Wall Street Breakfast: Must-Know News
- Not So High and Mighty Now, Huh?
- The Amazing Ballooning RBS Bailout
- Royal Bank of Scotland: Is Nationalization Good or Bad for BCE-LBO Deal?
- Financial Crisis: EU Leaders Take Action - Will It Help?
- Five Best and Worst Global Financial Stocks, YTD
- Settlement Auction for Lehman CDS: Surprises Behind
- Full List of Articles »
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Wall Street Breakfast: Must-Know News [view article]
sIR,Can you explain how the crude prices are connected to the US bailout plan? They follow the bailout package with production and consumption remianing same. thanks Reply
European Banks To Consider - Barron's [view article]
Ray Lopez if you made payments on your credit cards and your stinkin' mortgage, there would be no rotten banks anywhere. ReplyEuropean Banks To Consider - Barron's [view article]
a lot people know exactly what s going on with this bank and that bank.I just can t stop laughing when I see all those comments,most of them ridiculous at best. Marketfolly, hedge funds are party animals, they live day to day ,they short today and next week they might be long on the exact same stocks. If you don t understand the mechanism of hedge fund just watch Cramer ,he was one of them. But the point of this article ,that you didn t understand, is to position yourself for the recovery. Maybe tomorrow ,maybe in a month, maybe in a year but it will happen,I sure hope you know that . ReplyEuropean Banks To Consider - Barron's [view article]
I agree with what Jase says. Those who were proatcive and dumped toxic assets early and were honest and transparent enough to take the writedowns sooner rather than later will emerge in a position of leadership, those who played accounting games in order to hide losses and hope for a market turnaround will emerge as the laggards if they emerge at all. In my opinion the issue at hand is still the determination of what kind of earnings expectations will be realistic for the emerging leaders in financial services. A significant decrease in future earning and a return to more conservative P/E ratios can still spell a serious decline in share price. ReplyEuropean Banks To Consider - Barron's [view article]
BCS, is my choice. while all the banks in Europe will continue to be under pressure worldwide-and the UK enters a recession period, BCS's other financial services should keep it within reasonable revenue guidelines. Dividends are pretty good, while--hopefully-waiti... for better times!You may want to "nibble" these shares at the moment and follow it closely for the next 1-2 quarters to see how they do. Reply
European Banks To Consider - Barron's [view article]
RBS is still on shaky ground, IMHO. UBS, however, has been among the most proactive in removing gangrene assets. UBS may continue to have minor write downs (minuscule, in comparison to what they purged earlier in the year)... I strongly believe that this is already priced in; it's a bargain under $35 per share and they'll benefit from any European bailout. If their future was bleak, then news released at the recent shareholder meeting last Thursday would have caused it to plummet. The opposite happened--it gained strength on heavy volume on one of the darkest trading days of the year.Reply
European Banks To Consider - Barron's [view article]
I am not a fan of HSCB. They are not as conservatively run as many assume. They quickly jumped in to low quality ALT-A mortgage origination in the US and I assume that this is more indicative of current management culture than the previous reputation for conservatismReply
European Banks To Consider - Barron's [view article]
The retail investor should avoid all financials worldwide (if not stocks in general) untill at least 2Q 2009 IMO. If you're a prop desk trader at a bank favoured by Emperor Paulson though, well knock yourself out (and Uncle Sam while you're at it).... ReplyEuropean Banks To Consider - Barron's [view article]
some hedge funds shorting some of the banks mentioned above: www.marketfolly.com/20... ReplyEuropean Banks To Consider - Barron's [view article]
Of the banks listed here, I think that HSBC and perhaps Barclays are good buys right now and aren't "as rotten as America's". HSBC, I think is in strong shape. In contrast, RBS paid far too much for ABN Amro, and is in poor shape. I don't care how cheap it gets, I'd stay away. ReplyEuropean Banks To Consider - Barron's [view article]
Europeans banks are as rotten as America's, even more so, with AIG insuring many of them. The irony is that Barrons' perpetually bearish, is going to lead its readers to lose money in a bear market if they follow this foolish advice and buy Euro banks! ReplyRoyal Bank of Scotland Hit Hard Despite Bailout Rumors [view article]
FORTIS RESCUE - September 29, 2008The achievement of a deal to shore up Fortis Bank hammered out by the Benelux governments acting in concert over the past three days has put the first smile in weeks on the face of Belgium’s otherwise dour Prime Minister Yves Leterme, and with good reason.
This rescue is remarkable for its swiftness and efficiency, a stunning justification for the existence of a state, the Kingdom of Belgium, that has at times over the past two years seemed to be headed for dissolution. The rancorous disagreement between Flemish and Walloon communities over the ongoing and substantial transfers of wealth from the relatively prosperous centre-right leaning North to the high-unemployment, socialist minded South has contributed to separatist extremism in both camps. At its most positive, it translated into calls for radical institutional reform, namely a shift from the federalism introduced in the 1980s to a Swiss-style confederalism, in which most of the governmental functions would devolve on the respective French and Dutch language communities, leaving little more than justice and defence in the portfolios of the administration at the national level. The timing and venue for inter-community negotiation of possible institutional change itself became disruptive to the formation of a national government, alerting the entire world for more than half a year when there was only a caretaker government that there are question marks over the kingdom’s viability.
The fact that the Prime Minister and his Finance Minister could act so expeditiously these past several days is all the more striking given the scandalous break-up of the Prime Minister’s power base, the majority coalition, or ‘cartel’ in Flanders that brought him to power in the face of a grudging and unfriendly Walloon contingent in Parliament. And it is fair to say that the break-up in Flanders was in good part instigated by intemperate remarks of none other than the francophone Minister of Finance, Didier Reynders, who bated a minority fraction in the Flemish coalition with his remarks on the very sensitive issue of French-speaking communes on the periphery of Brussels where the elected burgomasters were unseated for violating language laws of Flanders, to which they are formally attached.
None of this prevented Leterme and Reynders from working hand in glove to save the country’s single largest private employer (headcount in Belgium of 25,000) that serves 6 million accounts domestically, or roughly one in two families in the country. This reality corresponds to the insight propagated by the media outlets for the country’s haute bourgeoisie, the Flemish-speaking De Tijd and French-speaking L’Echo de la Bourse, that apart from their common love for chocolates and moules et frites, the country is glued together by economic self-interest, given that a divorce would undermine investment for perhaps two decades and greatly impoverish the populations of both communities.
At the same time, the rescue of Fortis has meaning that extends far beyond the borders of this country of 12 million. The rescue answers directly a question that has been on the minds of many participants in European financial markets ever since Fed Chairman Bernanke and Treasury Secretary Paulson in the United States began their successive rescues of America’s leading investment and commercial banks several months ago: how does Continental Europe save transnational banks in the absence of EU wide regulators and with an ECB lacking the powers of the American Fed and Treasury?
What we have just seen is a tripartite solution bringing together The Netherlands and Luxembourg in the rescue of a Belgium-based entity. It has been described as 'quasi-nationalisation... - since the states involved are taking only 49% positions which are intended to buy time for the still independent bank and the markets to solve the underlying problems of Fortis on their own. And it has addressed directly the loss of confidence which underlay the whole crisis - forcing the departure of Maurice Lippens, the founding father of Fortis and one of the country's leading oligarchs - from his chairmanship of the bank’s board. This is a rare and salutary case of the elite devouring one of its own.
The solution found for Fortis stands in marked contrast with the much more socially disruptive and ‘unilateralist’ minded solutions which the Anglo-Saxon countries have applied in recent days and months. The federally ordered bankruptcy of Washington Mutual and its re-sale at a knock-down price to JP Morgan Chase last Thursday effectively expropriated its shareholders. The settlement imposed on AIG to save the country’s and the world’s largest insurer may easily turn into wealth destruction given the punitive interest rates in the bridging loan and the need to quickly dispose of assets in fire-sale circumstances of the presently blocked financial markets. The refusal to offer government guarantees to Barclay’s and other potential buyers of Lehman Brothers in the day preceding its declaration of bankruptcy effectively threw the investment bank to the wolves on the justification that its failure did not threaten the financial system.
Putting aside the question of whether a failure of Bear Stearns in March would have been more or less disruptive than Lehman in September, the unknowing and wholly innocent victims of this bankruptcy include other major American financial institutions and pension funds, which are penalised for lending to their confrères, the problem said to be at the root of the ‘credit crunch’ in general. It punishes not only those who knowingly held Lehman paper, but also those around the world who bought structured instrument life insurance policies or savings plans via their prestigious retail banks in the belief that these were utterly conservative, capital-secure investments. Most were unaware that the underlying guarantees had been issued by Lehman.
In the United Kingdom, the nationalisations and government mandated sales of bank assets in 2008 starting with Northern Rock and running into the present week have in common the expropriation of shareholders.
Against this context, the Fortis rescue plan appears to be surprisingly humane. Let us hope that it is also successful.
Gilbert Doctorow
Brussels
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Financial Landscape: Writedowns, Losses and Capital Raised [view article]
I saw this list on bloomberg.com, updated through 9-20-08. does anybody have the link to it, or know where on bloomberg i can get a refreshed list? thanks ReplyRoyal Bank of Scotland Hit Hard Despite Bailout Rumors [view article]
why would anybody want to invest in this bank? ReplyOptions Trader: Monday Outlook [view article]
I find the comments by cmetrader and the person with a racial epitath for a name to be interesting in that the picks I see over the past couple of weeks have been dead on most of the time with a "performance"... that I have rarely seen matched by any stock picker.You may have an issue with this guy for whatever reason but you are doing a disservice to people by telling them not to listen to a guy who makes good market calls almost every single day.
Right on this page he picks Citigroup calls that made 20% in one day. Isn't that a massive annualized return? You say his fund blew up and that happened to many this year but what you are doing is hatred-fueled revenge, not a public service. Your statement "to protect the retards" shows where your true feelings are.
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