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The Royal Bank of Scotland Group plc (RBS)

  • Dec. 13, 2010, 7:16 AM
    Describing the U.K. as having one of the "world's most concentrated and least competitive banking systems," Paul Myners, a key supporter of "super banks" during the financial crisis, now calls on the Vicker Commission to split up Lloyd's (LYG) and/or RBS (RBS).
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  • Dec. 9, 2010, 9:43 AM
    The U.K.'s five major banks - Barclays (BCS), Royal Bank of Scotland (RBS), HSBC (HBC), Standard Chartered (SCBFF.PK) and Lloyd's (LYG) - will pay hundreds of millions of pounds per year to the U.K. government as a charge for their risks to the economy, according to final draft legislation. The levy also will hit large U.S. and European banks but will apply only to their U.K. balance sheets.
  • Dec. 8, 2010, 7:22 AM
    Regulators are hoping February's round of stress tests on European banks will be more credible than the previous attempt. The cost of insuring bank debt has risen sharply as markets price in the possibility of sovereign default where the initial tests did not.
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  • Dec. 2, 2010, 7:42 AM
    U.K. regulators close their eighteen-month probe of the circumstances which led to RBS' (RBS +1.1%) bailout, saying they won't take any enforcement action. Regulators had found lots of bad decisions but no actual wrongdoing.
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  • Nov. 26, 2010, 9:00 AM
    Premarket gainers: CPII +33%. GSL +8%. DLM +4%.
    Losers: AIB -11%. IRE -9%. PCBC -9%. NBG -6%. STD -5%. RBS -5%. LYG -5%. ALU -4%. DB -4%. GGB -4%. GFI -4%.
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  • Nov. 23, 2010, 8:50 AM
    UBS upgrades Royal Bank of Scotland (RBS -0.4%) to Buy from Neutral on valuation grounds. The bank's $80B of Irish exposure is manageable, and though it will be some time before the benefits of restructuring are made clear, the stock is attractive at current values.
  • Nov. 17, 2010, 12:15 PM
    The EU plans to do another set of region-wide bank stress tests, with results expected around June 2011 and the ECB pushing for a larger role in the process. Critics, who said the first set of tests were too soft, worry that increased ECB involvement will boost the red tape on this second set.
  • Nov. 16, 2010, 2:58 PM
    British and German banks, which hold a combined $288B worth of Irish debt, are understandably uneasy as worries over the country's solvency spread. Top at-risk banks: Danske, Lloyds (LYG), Royal Bank of Scotland (RBS), and KBC.
  • Nov. 15, 2010, 9:41 AM
    RBS (RBS +1.3%) and Lloyds (LYG +0.7%) have only 'minimal' exposure to Irish debt, according to research by UBS, with gross investments in the country of around £35B ($56B) and £27B respectively. Given the banks' strong profits and capital bases, "we see Ireland as no more than a modest challenge for the banks."
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  • Nov. 15, 2010, 7:15 AM
    As rumored, MUFG (MTU) will buy RBS' (RBS) project finance unit for £3.8B ($6.1B), accelerating MUFG's overseas expansion and allowing RBS to repay some of its taxpayer bailout. MUFG also raises its full-year profit outlook by 25% to ¥500B ($6.1B).
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  • 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.
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  • 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%.
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  • 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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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