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Royal Bank of Scotland Group PLC (RBS.L)

RBS.L on London Stock Exchange

228.10GBp
19 Jul 2019
Change (% chg)

-2.60 (-1.13%)
Prev Close
230.70
Open
231.90
Day's High
232.10
Day's Low
227.00
Volume
11,559,426
Avg. Vol
13,556,358
52-wk High
274.20
52-wk Low
200.10

Latest Key Developments (Source: Significant Developments)

Nicky Morgan Responds To FCA's Final Report On RBS' GRG
Thursday, 13 Jun 2019 

June 13 (Reuters) - UK'S TREASURY COMMITTEE::NICKY MORGAN RESPONDS TO FCA'S FINAL REPORT ON RBS' GRG.AS SAID IN SME FINANCE REPORT LAST YEAR, FCA SHOULD NOW BE GIVEN POWERS TO REGULATE COMMERCIAL LENDING TO ADEQUATELY PROTECT SMES.GOVERNMENT MUST RECONSIDER REJECTION OF PROPOSAL FOR INTRODUCTION OF FINANCIAL SERVICES TRIBUNAL FOR SMES TO SETTLE DISPUTES WITH BANK.  Full Article

RBS-Backed FinTech Loot Enters Administration - FT
Wednesday, 22 May 2019 

May 22 (Reuters) - :RBS-BACKED FINTECH LOOT ENTERS ADMINISTRATION - FT.  Full Article

Royal Bank Of Scotland Says RBSG, With NWM, Fined Total Of Eur 249.2 Mln
Thursday, 16 May 2019 

May 16 (Reuters) - Royal Bank of Scotland Group PLC ::ACKNOWLEDGMENT OF TWO SETTLEMENTS ON FX TRADING.RBSG, WITH NWM PLC, HAVE BEEN FINED A TOTAL OF EUR 249,214,000 RELATING TO CONDUCT WHICH TOOK PLACE BETWEEN 2007 AND 2011.2 SETTLEMENTS REACHED WITH RBSG, NWM, OTHERS ON EC'S INVESTIGATION OF HISTORIC COMPETITION LAW BREACHES CONCERNING FOREX TRADING.AGGREGATE FINE IS FULLY COVERED BY EXISTING PROVISIONS IN NWM PLC.TIMING AND AMOUNT OF FUTURE FINANCIAL PENALTIES, RELATED LITIGATION RISKS AND COLLATERAL CONSEQUENCES REMAIN UNCERTAIN AND MAY BE MATERIAL.  Full Article

UK's Unite Says RBS Could Face Raft Of Equal Pay Claims
Thursday, 9 May 2019 

May 9 (Reuters) - UK's Unite Union::RBS COULD FACE MANY EQUAL PAY CLAIMS AFTER UNION HELPED SECURE £150,000 PAY OUT IN EQUAL PAY CASE IN NATWEST MARKETS’ TECHNOLOGY UNIT.  Full Article

Royal Bank of Scotland Completes Pricing Of $1.25 Bln Of Senior Notes
Friday, 3 May 2019 

May 3 (Reuters) - Royal Bank of Scotland Group PLC ::RBSG PRICING OF US$1.25BN OF SENIOR NOTES.COMPLETED PRICING OF ITS USD 1.25 BILLION 4.445% FIXED RATE TO FLOATING RATE SENIOR NOTES DUE 2030.COMPLETED PRICING OF ITS USD 1.25 BILLION 4.445% FIXED RATE TO FLOATING RATE SENIOR NOTES DUE 2030.PROCEEDS TO RBSG OF USD 1.25 BILLION WILL BE USED TO FUND RBSG'S GENERAL BANKING BUSINESS.  Full Article

RBS Considering Internal And External Candidates For CEO Role
Thursday, 25 Apr 2019 

April 25 (Reuters) - Royal Bank of Scotland Group PLC ::AGM STATEMENT.WILL BE CONDUCTING AN INTERNAL AND EXTERNAL SEARCH FOR CEO ROSS'S SUCCESSOR, WHICH WILL COMMENCE IMMEDIATELY- CHAIRMAN.IN MEETING, SEEKING RENEWAL FOR 12 MONTHS OF AUTHORITY PROVIDED IN FEB TO USE SOME EXCESS CAPITAL TO BUY BACK UP TO 4.99% OF SHARES FROM GOVERNMENT.IN TOTAL, EXPECT TO HAVE AROUND 250 PEOPLE WORKING ACROSS EU IN NATWEST MARKETS NV, BETWEEN 100 AND 150 OF WHOM WILL BE IN AMSTERDAM.2018 COMMON EQUITY TIER ONE CAPITAL OF OVER 16 PERCENT.ROYAL BANK OF SCOTLAND, ON STATE OF ECONOMY, SAYS PROSPECT IS "MORE THAN USUALLY UNCERTAIN".DO NOT THINK IT WOULD BE IN INTERESTS OF CO TO CREATE A SHAREHOLDER COMMITTEE AND RECOMMEND SHAREHOLDERS REJECT THE RESOLUTION.LACK OF CLARITY ABOUT UK'S FUTURE RELATIONS WITH EU UNDOUBTEDLY HAVING IMPACT, WITH CONSUMER CONFIDENCE MUTED, BUSINESSES PAUSING ON INVESTMENT.ESTABLISHED A PROJECT TO INTEGRATE CLIMATE RISKS AND OPPORTUNITIES ACROSS BUSINESS AND RISK FRAMEWORKS - UNDER DIRECTION OF CHIEF RISK OFFICER.REITERATES BOARD'S SUPPORT FOR CURRENT STRATEGY.WILL NOT BE CLOSING ANY FURTHER BRANCHES IN 2019 AND HAVE NO PLANS TO REDUCE BRANCH NETWORK IN 2020.WILL START CONSULTING WITH SHAREHOLDERS LATER THIS YEAR AHEAD OF PUTTING A NEW PAY POLICY TO A VOTE AT NEXT YEAR'S AGM."DO NOT SEE DEMISE OF CASH IN UK, BUT WE DO SEE IT PLAYING A MUCH LESSER PART IN DAY TO DAY TRANSACTIONS".THIS YEAR, CO AIMS TO TAKE A FURTHER CIRCA £300 MILLION OUT OF OPERATING COST BASE.  Full Article

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

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Australia's NAB turns to RBS turnaround man Ross McEwan as CEO

SYDNEY National Australia Bank Ltd has hired the man credited with turning around Royal Bank of Scotland as its new chief executive, as it moves on from the abrupt departure of its leaders this year in the fallout of a misconduct inquiry.