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Royal Bank of Scotland Group PLC (RBS.L)

RBS.L on London Stock Exchange

240.90GBp
17 Aug 2018
Change (% chg)

0.30 (+0.12%)
Prev Close
240.60
Open
243.00
Day's High
243.40
Day's Low
238.60
Volume
10,063,011
Avg. Vol
22,599,983
52-wk High
304.20
52-wk Low
238.40

Latest Key Developments (Source: Significant Developments)

RBS Welcomes UK watchdog decision to take no action against restructuring unit
Tuesday, 31 Jul 2018 05:48am EDT 

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 05:22am EDT 

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 11:21am EDT 

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

RBS Chairman says hopes to settle U.S. DOJ case in coming months
Friday, 23 Feb 2018 07:17am EST 

Feb 23 (Reuters) - Royal Bank Of Scotland Group Plc ::RBS CHAIRMAN SAYS BANK HOPES IT CAN SETTLE DOJ ACTION OVER RMBS MIS-SELLING IN COMING MONTHS.RBS CEO SAYS FUTURE CAPITAL DISTRIBUTION LIKELY TO START WITH SMALL DIVIDEND INITIALLY.  Full Article

Rbs Says "The Prospect Of Returning Any Excess Capital To Shareholders Is Getting Closer”
Friday, 23 Feb 2018 02:18am EST 

Royal Bank Of Scotland Group Plc ::RBS SAYS "THE PROSPECT OF RETURNING ANY EXCESS CAPITAL TO SHAREHOLDERS IS GETTING CLOSER”.  Full Article

Royal Bank Of Scotland Says Penny Hughes Will Step Down As Non-Executive Director
Friday, 23 Feb 2018 02:02am EST 

Feb 23 (Reuters) - Royal Bank Of Scotland ::SAYS MIKE ROGERS WILL ASSUME ROLE OF CHAIRMAN OF SUSTAINABLE BANKING COMMITTEE.SAYS PENNY HUGHES WILL STEP DOWN AS A NON-EXECUTIVE DIRECTOR OF RBS, AND AS CHAIRMAN OF SUSTAINABLE BANKING COMMITTEE.  Full Article

RBS reports first profit in a decade
Friday, 23 Feb 2018 02:00am EST 

Feb 23 (Reuters) - Royal Bank Of Scotland Group ::2017 ATTRIBUTABLE PROFIT OF 752 MILLION STG.RBS 2017 CET1 RATIO AT 15.9 PERCENT.RBS 2017 PROFIT BEFORE TAX OF 2.239 BILLION STG.RBS Q4 CONDUCT AND LITIGATION CHARGES OF 764 MILLION STG.RBS Q4 CONDUCT CHARGES INCLUDE 175 MILLION STG OF PPI AND 492 MILLION STG OF RMBS-RELATED PROVISIONS AND SETTLEMENTS.RBS SAYS NO UPDATE ON TIMING OF SETTLEMENT WITH U.S. JUSTICE DEPARTMENT OVER RMBS MIS-SELLING.RBS EXCEEDED COST REDUCTION TARGET FOR THE YEAR OF 750 MILLION STG, TAKING OUT 810 MILLION STG IN TOTAL.RBS RESTRUCTURING COSTS OF 531 MILLION FOR Q4.RBS Q4 IMPAIRMENTS OF 234 MILLION STG.RBS TO INVEST 1.5 BILLION STG MORE THAN PREVIOUSLY GUIDED OVER NEXT TWO YEARS.RBS INVESTMENT PLAN TO INCLUDE AROUND 800 MILLION STG ON INNOVATION AND DIGITAL TRANSFORMATION.RBS SPEND TO ALSO INCLUDE AROUND 300 MILLION STG ON INTEGRATION OF WILLIAMS & GLYN, 400 MILLION ON COSTS OF BREXIT, RINGFENCING AND OTHERS.RBS ADJUSTED INCOME UP 4 PERCENT.RBS ADJUSTED RETURN ON TANGIBLE EQUITY UP 7 PERCENT TO 8.8 PERCENT.RBS 2017 GROUP BONUS POOL OF 342 MILLION STG.RBS DISCLOSES GENDER PAY GAP OF 37.2 PERCENT.  Full Article

Metro Bank Says ‍Q4 Revenue Up 8 Percent
Wednesday, 21 Feb 2018 02:00am EST 

Feb 21 (Reuters) - Metro Bank Plc ::‍Q4 DEPOSIT GROWTH OF £0.9B; UP 8 PCT QUARTER-ON-QUARTER TO £11.7B.​.‍Q4 REVENUE UP 8 PCT QUARTER-ON-QUARTER TO £84.6M​.SAYS FY DEPOSIT GROWTH OF 3.7 BILLION STG, UP 47 PERCENT YEAR-ON-YEAR TO 11.7 BILLION STG.METRO BANK - ‍IN 2018 WE EXPECT TO OPEN 12 STORES CREATING 900 JOBS​.SAYS FY RECORD LENDING GROWTH OF £3.8B; UP 64 PCT YEAR-ON-YEAR TO £9.6B.."PREPARING OUR BID FOR RBS ALTERNATIVE REMEDIES PACKAGE"​.SAYS FY UNDERLYING EARNINGS PER SHARE 18.8P VERSUS. 14.7P LOSS PER SHARE IN 2016.SAYS FY UNDERLYING PROFIT BEFORE TAX OF £20.8M 1 COMPARED TO UNDERLYING LOSS BEFORE TAX OF £11.7M IN 2016.SAYS FY TOTAL REVENUE OF £293.8 MILLION, UP 51 PERCENT.‍TOTAL LOANS AS OF 31 DECEMBER 2017 WERE £9.6B, UP FROM £8.6B AT 30 SEPTEMBER 2017 AND £5.9B AT 31 DECEMBER 2016​.‍AT 31 DECEMBER TOTAL DEPOSITS WERE £11.7B ($15.8M), UP FROM £10.8B AT 30 SEPTEMBER 2017 AND £8.0B AT DECEMBER 2016​.  Full Article

Royal Bank Of Scotland Says 75 Mln Stg For Impacted Small Businesses In Carillion's Supply Chain​
Friday, 19 Jan 2018 05:58am EST 

Jan 19 (Reuters) - Royal Bank Of Scotland ::RBS ANNOUNCES £75M FOR IMPACTED SMALL BUSINESSES IN CARILLION'S SUPPLY CHAIN​.‍RBS ANNOUNCES £75M FOR IMPACTED SMALL BUSINESSES IN CARILLION'S SUPPLY CHAIN​.‍BANK HAS ALREADY STARTED PROACTIVELY CONTACTING BUSINESS CUSTOMERS WHO SUPPORTED CARILLION​.‍SUPPORT IS AVAILABLE TO CUSTOMERS BANKING WITH NATWEST, ROYAL BANK OF SCOTLAND AND ULSTER BANK IN NORTHERN IRELAND​.  Full Article

Royal Bank Of Scotland Says Sandy Crombie Will Step Down As Non-Exec Director
Thursday, 21 Dec 2017 04:00am EST 

Dec 21 (Reuters) - Royal Bank Of Scotland ::SANDY CROMBIE WILL STEP DOWN AS NON-EXEC DIRECTOR OF RBS, AND SENIOR INDEPENDENT DIRECTOR, CHAIRMAN OF GROUP PERFORMANCE & REMUNERATION COMMITTEE​.‍ROBERT GILLESPIE WILL ASSUME ROLE OF CHAIRMAN OF GROUP PERFORMANCE & REMUNERATION COMMITTEE​.‍MARK SELIGMAN WILL ASSUME ROLE OF SENIOR INDEPENDENT DIRECTOR AND WILL BE APPOINTED AS A MEMBER OF GROUP PERFORMANCE & REMUNERATION COMMITTEE​.‍LENA WILSON, CBE WILL BE APPOINTED AS A NON-EXECUTIVE DIRECTOR OF RBS​.  Full Article

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Crisis-era mortgage probe nears end with RBS settlement

NEW YORK (IFR) - A multi-year investigation by US regulators into the role that big banks played in creating toxic mortgage securities nearly a decade ago is now drawing to a close.