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Royal Bank of Scotland Group PLC (RBS.L)

RBS.L on London Stock Exchange

262.40GBp
18 Apr 2019
Change (% chg)

-0.90 (-0.34%)
Prev Close
263.30
Open
263.80
Day's High
263.80
Day's Low
257.60
Volume
9,112,218
Avg. Vol
15,067,458
52-wk High
297.40
52-wk Low
200.10

Latest Key Developments (Source: Significant Developments)

Royal Bank of Scotland Completes Pricing Of $2 Bln Senior Notes
Wednesday, 20 Mar 2019 

March 20 (Reuters) - Royal Bank of Scotland Group PLC ::RBSG PRICING OF US$2 BILLION OF SENIOR NOTES.COMPLETED PRICING OF $2 BILLION 4.269% FIXED RATE TO FLOATING RATE SENIOR NOTES DUE 2025.PROCEEDS TO RBSG OF ABOUT $2 BILLION WILL BE USED TO FUND RBSG'S GENERAL BANKING BUSINESS.  Full Article

Royal Bank Of Scotland Recognise Our 2020 Target Of A CostIncome Ratio Of Less Than 50% Is Increasingly Challenging
Friday, 15 Feb 2019 

Royal Bank of Scotland Group PLC ::RECOGNISE OUR 2020 TARGET OF A COST:INCOME RATIO OF LESS THAN 50% IS INCREASINGLY CHALLENGING.THIS REFLECTS ONGOING ECONOMIC AND POLITICAL UNCERTAINTY AND ADDITIONAL ONGOING COSTS ASSOCIATED WITH RING-FENCING AND BREXIT..WE NOW EXPECT OVERALL IMPACT OF BASEL 3 AMENDMENTS TO BE IN RANGE OF 5-10% AND PHASED ACROSS 2021 TO 2023.2018 SAW A CONTINUATION OF PERIOD OF BENIGN ECONOMIC CONDITIONS WITH LOW DEFAULTS AND STRONG CASH RECOVERIES. HOWEVER, POTENTIAL IMPACT ON REAL ECONOMY OF ONGOING POLITICAL UNCERTAINTIES AND GEOPOLITICAL TENSIONS COULD AFFECT OUR CREDIT LOSS OUTCOME.AS A RESULT, IMPAIRMENTS ARE EXPECTED TO INCREASE IN 2019 BUT REMAIN BELOW OUR THROUGH--CYCLE LOSS RATE ASSUMPTION OF 30-40 BASIS POINTS. THREAT FROM SINGLE NAME AND SECTOR DRIVEN EVENTS REMAINS..WE PLAN TO TRANSFER OUR WESTERN EUROPE CORPORATE BUSINESS INTO NWM N.V. FROM RING-FENCED BANK,.NWM PLC LEGAL ENTITY RWAS ARE EXPECTED TO BE AROUND £35 BILLION.NWM N.V. RWAS ARE EXPECTED TO BE AROUND £8BILLION WITH CONSOLIDATED NWM FRANCHISE POSITION, EXCLUDING RWAS RELATED TO INTERCOMPANY POSITIONS, EXPECTED TO BE AROUND £39 BILLION BY 2020..WE RECOGNISE OUR 2020 TARGET OF A COST:INCOME RATIO OF LESS THAN 50% IS INCREASINGLY CHALLENGING FOR BUSINESS TO ACHIEVE WITH RISK BEING TO DOWNSIDE.THIS REFLECTS ONGOING ECONOMIC AND POLITICAL UNCERTAINTY AND ADDITIONAL ONGOING COSTS ASSOCIATED WITH RING-FENCING AND BREXIT..  Full Article

RBS 2018 operating profit rises to 3.359 bln stg
Friday, 15 Feb 2019 

Feb 15 (Reuters) - Royal Bank of Scotland Group PLC ::ROYAL BANK OF SCOTLAND REPORTS 2018 ATTRIBUTABLE PROFIT OF 1.622 BILLION STG.RBS 2018 OPERATING PROFIT BEFORE TAX 3.359 BILLION STG.RBS 2018 CET1 RATIO 16.2 PERCENT.RBS PAYS FINAL DIVIDEND OF 3.5 PENCE FOR 2018, SPECIAL DIVIDEND OF 7.5 PENCE, FOR A FULL YEAR DIVIDEND OF 13 PENCE PER SHARE.RBS RESTATES GOAL OF 12 PERCENT ROTE BY 2020.RBS 2018 BONUS POOL FALLS 7 MILLION STG TO 335 MILLION STG.RBS UPDATES CET1 GUIDANCE TO BE AROUND 14 PERCENT BY END OF 2021.RBS SAYS TARGETING REDUCTION IN OPERATING COSTS OF 300 MILLION STG IN 2019.RBS SAYS MEAN GENDER PAY GAP FALLS TO 36.6 PERCENT.RBS SAYS 2018 IMPAIRMENTS AT 398 MILLION STG , DOWN FROM 493 MILLION STG YEAR BEFORE.  Full Article

RBS Shareholders Approve Resolution To Allow Bank To Buy Back Own Shares
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Royal Bank of Scotland Group PLC ::ROYAL BANK OF SCOTLAND SHAREHOLDERS APPROVE RESOLUTION TO ALLOW BANK TO BUY BACK OWN SHARES.  Full Article

Royal Bank Of Scotland Could Appoint Katie Murray As Its First Female Chief Financial Officer As Soon As This Week - Sky News
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - :ROYAL BANK OF SCOTLAND COULD APPOINT KATIE MURRAY AS ITS FIRST FEMALE CHIEF FINANCIAL OFFICER AS SOON AS THIS WEEK - SKY NEWS.RBS IS AWAITING CLEARANCE FROM PRUDENTIAL REGULATION AUTHORITY, THE BANKING WATCHDOG, TO ANNOUNCE MS MURRAY AS ITS CHIEF FINANCIAL OFFICER - SKY NEWS.  Full Article

Natwest Launches Mettle, A Digital Proposition For Small Businesses
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - Royal Bank of Scotland Group PLC ::NATWEST LAUNCHES INNOVATIVE DIGITAL PROPOSITION FOR SMES.NATWEST HAS ANNOUNCED LAUNCH OF METTLE, A DIGITAL PROPOSITION FOR SMALL BUSINESSES.METTLE IS CURRENTLY AT PILOT STAGE.  Full Article

First Data To Support Royal Bank Of Scotland To Deliver Merchant Services To U.K. Businesses
Friday, 26 Oct 2018 

Oct 26 (Reuters) - First Data Corp ::FIRST DATA TO SUPPORT ROYAL BANK OF SCOTLAND TO DELIVER MERCHANT SERVICES TO U.K. BUSINESSES.FIRST DATA CORP - EXPECTS TO BEGIN PROVIDING SERVICES TO RBSG MERCHANT CUSTOMERS IN 2019.  Full Article

RBS Welcomes UK watchdog decision to take no action against restructuring unit
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Royal Bank of Scotland Group PLC ::ROYAL BANK OF SCOTLAND - ROYAL BANK OF SCOTLAND GROUP PLC - RBS RESPONDS TO FCA UPDATE ON GRG.ROYAL BANK OF SCOTLAND - WELCOMES FCA'S CONFIRMATION THAT IT HAS CONCLUDED ITS INVESTIGATION INTO BANK AND THAT NO FURTHER ACTION WILL BE TAKEN.ROYAL BANK OF SCOTLAND - "AWAIT PUBLICATION OF FCA'S FULL ACCOUNT AND WILL REFLECT CAREFULLY ON ITS FINDINGS".RBS- "CONTINUES TO FOCUS ON PUTTING THINGS RIGHT FOR CUSTOMERS THROUGH OUR COMPLAINTS PROCESS AND ENSURING THAT PAST MISTAKES CANNOT BE REPEATED".  Full Article

UK's CMA Issues Letter To Ulster Bank On Breaches Of Northern Ireland Banking Order
Monday, 11 Jun 2018 

June 11 (Reuters) - UK's CMA: :CMA LETTER TO ULSTER BANK ON ITS BREACHES OF THE NI PCA BANKING ORDER.BREACHES BY ULSTER BANK RELATING TO FAILURE TO INCLUDE COPY OF SWITCHING LEAFLET WITH ANNUAL SUMMARY SENT TO CUSTOMERS IN SEP 2016.  Full Article

Royal Bank of Scotland Updates On Ring Fencing Plans
Thursday, 22 Mar 2018 

March 22 (Reuters) - Royal Bank Of Scotland ::UPDATE ON RING FENCING PLANS.‍UPDATE ON RING-FENCING PLANS​.‍SCHEME HAS BEEN SANCTIONED BY COURT ​.‍EXPECTS TO CONFIRM DATE OF INTENDED IMPLEMENTATION OF SCHEME BY WAY OF FURTHER ANNOUNCEMENT IN EARLY APRIL 2018​.‍AS SCHEME IS IMPLEMENTED, ADAM & CO WILL BE RENAMED " ROYAL BANK OF SCOTLAND PLC" AND RBS PLC WILL BE RENAMED "NATWEST MARKETS PLC"​.  Full Article

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RBS investors urged to block CEO Ross McEwan's 3.6 million pounds pay packet

LONDON Investors in Britain's Royal Bank of Scotland have been urged to vote against the bank's remuneration plans at next week's annual general meeting, as pay for top bosses at major banks comes under fresh scrutiny.