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The Royal Bank of Scotland Group plc (RBS)

  • Nov. 12, 2010, 7:37 AM
    Germany, France and the U.K. issue a joint statement intended to reassure holders of Irish government debt that they won't be required to take writedowns. Premarket: AIB +17%, IRE +2.7%, RBS +1.4%.
  • Nov. 11, 2010, 9:32 AM
    With Ireland in the spotlight, Irish banks are taking a hit: IRE -9.2%, AIB -8.8%. Even RBS is down 3.7% on concerns over its loans to Ireland.
    | 1 Comment
  • Nov. 10, 2010, 7:44 AM
    Sources say the G-20 will opt for a two-tier bank plan: major banks with global businesses will face tougher global regulations while those focused on domestic markets will be exempt. Banks expected to fall into the first category include: GS, JPM, BAC, MS, C, HBC, BCS, RBS, UBS, CS, STD, BBVA, DB, and ING.
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  • Nov. 5, 2010, 9:00 AM
    Premarket gainers: JAZZ +12.5%.% ATML +9%. SODA +8%. SOL +8%. AERL +5%. SYMC +4%. SBUX +4%.
    Losers: DXCM -23%. SD -12%. AIB -10%. IRE -10%. YRCW -8%. CROX -5%. RBS -5%. TLK -4%. AIG -4%. STD -4%. NBG -4%.
    | 1 Comment
  • Nov. 5, 2010, 7:47 AM
    RBS (RBS -5.3%) swings to a Q3 pre-tax loss of £1.4B ($2.3B), as £1.7B of accounting charges clouded a continued improvement in the bank's core businesses. CEO Stephen Hester says the loss for the year will be 'nominal,' but analysts say the bank still faces "a long journey of rehabilitation."
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  • Nov. 3, 2010, 7:43 AM
    MUFG (MTU) is said to be in talks to buy RBS' (RBS) project financing unit in a deal that could be worth $6.4B. The deal would help accelerate MUFG's overseas expansion and allow RBS to repay some of its taxpayer bailout.
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  • Oct. 4, 2010, 8:46 AM
    At least three potential bidders, including Goldman Sachs (GS) and Blackstone (BX), are said to be interested in a £3B ($4.8B) property loan portfolio that might be sold by RBS (RBS). Sources expect first round bids to be submitted in the next two weeks.
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  • Sep. 30, 2010, 2:09 PM
    Mortgage bond issuance is up sharply this year as credit markets loosen and appetite for risk grows. Issuance totaled $328.2B in the first nine months of 2010, vs. $207.2B in the same period last year. BofA (BAC), Royal Bank of Scotland (RBS) and Barclays (BCS) top the list of underwriters.
  • Sep. 20, 2010, 8:37 AM
    Sempra Energy (SRE) and Royal Bank of Scotland (RBS) will sell Sempra Energy Solutions, the retail commodity marketing arm of RBS-Sempra Commodities, to Noble Corp. (NE) for $582M - $317M in cash plus debt assumption. The JV sold its metals and oil business to JPMorgan (JPM) in July, and is in advanced negotiations to sell the wholesale power and natural gas business - its final unit. (PR)
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  • Sep. 17, 2010, 7:55 AM
    RBS (RBS) reportedly reaches a deal to start a Chinese securities firm, after signing a memorandum of understanding with a local partner and filing for regulatory approval. The deal isn't final, but sources say it's likely to go forward, allowing RBS to manage domestic equity sales in China and boost its returns.
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  • Sep. 14, 2010, 5:55 PM
    Don't be fooled by the recent bounce in financial stocks, Louis Navellier warns. "High foreclosure rates and low lending rates are acting against the big banks," he says, urging investors to sell these 11 famous financials: STD, BAC, BCS, LFC, C, HBC, GS, JPM, LYG, RBS, WFC.
  • Sep. 14, 2010, 7:39 AM
    RBS (RBS) gets back to MBS, launching its first sale of mortgage-backed securities since the financial crisis. The £4.7B ($7.2B) issue will help RBS rebalance its funding sources, and bodes well for the broader asset-backed market whose rebound plays a critical role in the general economic recovery.
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  • Sep. 13, 2010, 7:03 AM
    The new Basel III rules could force banks, especially European ones, to raise more funds, but tighter capital expectations have largely been priced in to bank stocks already and the long window for full compliance is boosting shares premarket: C +0.9%, BAC +1.85%, WFC +0.9%, DB +3%, UBS +2.1%, RBS +3.15%, ING +2.5%, STD +2.4%, CS +3%, BCS +1.8%, LYG +3%.
    | 1 Comment
  • Sep. 2, 2010, 12:26 PM
    Royal Bank of Scotland (RBS) - the biggest state-controlled bank in the U.K. - will eliminate 3,500 jobs and close 10 offices, bringing its total number of job cuts to more than 20,000 in the past two years.
    | 1 Comment
  • Aug. 11, 2010, 9:05 AM
    Premarket gainers: CCME +10%.
    Losers: SATC -11%. CREE -10%. AIB -7%. ASML -6%. ALU -6%. ARMH -6%. MT -6%. IRE -6%. LYG -6%. PHG -6%. ABK -5%. STM -5%. RBS -5%. AIXG -5%. STD -5%. BCS -5%. BGU -4%. RGNC -4%. DB -4%. EVEP -4%. SI -4%. UBS -4%. ERIC -4%. NOK -4%. GNW -4%. CRUS -4%. STO -4%. RTP -4%. FRO -4%. ABB -4%. TOT -4%. YRCW -4%.
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  • Aug. 10, 2010, 7:39 AM
    Credit Suisse downgrades RBS (RBS) to Neutral from Outperform. "The next leg of the story, in our view, is capital. In the last 4 weeks, Basel amendments, interim results and fair value gains have increased our view of 2013 estimated capital by £8B." Shares -4.1%.
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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