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Royal Bank of Scotland Group PLC (RBS)

RBS on New York Consolidated

6.84USD
28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

RBS says hopes to resolve U.S. mortgage mis-selling case this year
Friday, 28 Apr 2017 07:48am EDT 

April 28 (Reuters) - Royal Bank Of Scotland Group Plc :RBS says on analyst call that change in administration in U.S. means there is lack of counterparty to engage with on mortgage mis-selling talks.RBS says on analyst call that there is no reason to think it won't resolve mortgage mis-selling case with U.S. Justice department by year-end.  Full Article

RBS net interest margin rises to 2.24 pct
Friday, 28 Apr 2017 02:11am EDT 

April 28 (Reuters) - Royal Bank Of Scotland :Net interest margin (nim) of 2.24% for q1 2017 was 9 basis points higher than q1 2016.Litigation and conduct costs of £54 million comprised a number of small charges..Capital resolution adjusted operating loss of £76 million compared with a loss of £377 million in q1 2016.It is our intention to implement a capital reorganisation in 2017 in order to increase distributable reserves of parent company, rbsg plc,.Intend to seek shareholder approval to reduce share premium account by around £25 billion.We anticipate that adjusted operating profit will be lower in q2 2017 compared with q1 2017.RBS reiterates that in connection with its RMBS litigation matters and RMBS investigations taken as a whole, further substantial provisions and costs may be recognised.  Full Article

Britain's FCA sets deadline for new PPI complaints to Aug 29, 2019
Thursday, 2 Mar 2017 02:08am EST 

: Financial Conduct Authority has today confirmed that it will introduce a deadline for making new payment protection insurance (PPI) complaints. . FCA- final deadline for making a new PPI complaint will be 29 August 2019 . FCA has also made final rules and guidance related to how firms should handle complaints in light of supreme court judgment in Plevin v Paragon Personal Finance .FCA says Plevin decision means that consumers may have new grounds to complain about PPI.  Full Article

RBS says not yet in active negotiations with U.S. DoJ on RMBS case
Friday, 24 Feb 2017 02:36am EST 

Royal Bank Of Scotland Group Plc : Rbs CEO says there will be further job losses as bank targets 2 billion stg cost cuts over next 4 years . Rbs CEO says not yet in active negotiations with u.s. Department of justice on rmbs case .Rbs CFO says no earlier than q4 this year to get approval from european commission for new alternative state aid plan.  Full Article

RBS bonus pool falls in 2016, CEO paid total of 3.5 mln stg
Friday, 24 Feb 2017 02:15am EST 

Royal Bank Of Scotland : The group bonus pool has fallen from 373 million stg in 2015 to 343 million stg in 2016, a reduction of 8 percent . Says to keep CEO's pay fixed at 1 million stg . Says to change long term incentive award policy for CEO to 175 percent of salary . Says to pay CEO long term incentive award in 2017 of 2.87 million stg .Says CEO's total pay for 2016 is 3.49 million stg.  Full Article

Royal Bank of Scotland group 2016 loss 6.955 billion stg
Friday, 24 Feb 2017 02:08am EST 

Royal Bank Of Scotland Group : 2016 loss attributable to shareholders 6.955 billion stg . Royal bank of scotland group 2016 conduct and litigation charges 5.9 billion stg . Royal bank of scotland group 2016 restructuring costs 2.1 billion stg . Royal bank of scotland group 2016 total adjusted income 12.372 billion stg . Royal bank of scotland group targets saving 750 million stg of costs in 2018 . Royal bank of scotland group forecasts to make profit in full year 2018 . Royal bank of scotland group 2016 cet ratio 13.4 percent . Royal bank of scotland group 2016 24 billion stg net lending to uk consumers and businesses .Royal bank of scotland group takes 825 million stg of disposal costs.  Full Article

RBS appoints Mark Seligman as a non-exec director
Friday, 24 Feb 2017 02:06am EST 

Royal Bank Of Scotland :Mark Seligman has been appointed as a non-executive director of rbs with effect from April 1, 2017.  Full Article

CYBG says it notified RBS that it has withdrawn its offer for Williams & Glyn
Monday, 20 Feb 2017 02:35pm EST 

CYBG Plc : Update on preliminary non-binding proposal to the Royal Bank Of Scotland Group Plc . Notified RBS that it has withdrawn its preliminary non-binding proposal for, and ceased discussions relating to Williams & Glyn operations Further company coverage: [CYBGC.L] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

RBS takes 750 mln stg provision for new Williams & Glyn sale plan
Monday, 20 Feb 2017 02:06am EST 

Royal Bank Of Scotland : RBS has taken a £750 million provision within its 2016 annual results as a consequence of today's proposal . Alternative plan for RBS to meet its remaining state aid obligations . We will assess timing and manner in which we reincorporate business into rbs franchises. .This reintegration would likely create some additional restructuring charges during 2017 and 2018..  Full Article

RBS provides update on its remaining state aid obligation regarding the business previously described as Williams & Glyn
Friday, 17 Feb 2017 02:30pm EST 

Royal Bank Of Scotland : Update on RBS's remaining state aid obligation regarding the business previously described as Williams & Glyn . RBS- HMT said commissioner for EU competition policy to propose to college of commissioners to open proceedings for evidence on alternative plan to meet remaining state aid obligations . RBS - co agreed HMT will now seek formal amendment to co's state aid commitments to pave way for commissioner to propose to open proceedings . RBS - if adopted, alternative plan to replace existing requirement to achieve separation, divestment by Dec 31 of business earlier known as Williams & Glyn Further company coverage: [RBS.L] (Bengaluru Newsroom) ((+1 646 223 8780;)).  Full Article

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RBS posts first quarterly profit since third quarter of 2015

LONDON Royal Bank of Scotland swung to a better than expected first quarter profit of 259 million pounds ($334.24 million), it reported on Friday, its first quarterly profit since September 2015.