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United States

Royal Bank of Scotland Group PLC (RBS)

RBS on New York Consolidated

5.47USD
17 Jun 2019
Change (% chg)

$0.05 (+0.92%)
Prev Close
$5.42
Open
$5.50
Day's High
$5.52
Day's Low
$5.46
Volume
595,281
Avg. Vol
774,786
52-wk High
$7.31
52-wk Low
$4.98

Latest Key Developments (Source: Significant Developments)

J Sainsbury Appoints Jim Brown As CEO Of Sainsbury's Bank
Tuesday, 11 Jun 2019 02:00am EDT 

June 11 (Reuters) - J Sainsbury PLC ::J SAINSBURY PLC MANAGEMENT UPDATE.APPOINTED JIM BROWN AS CHIEF EXECUTIVE OFFICER ('CEO') OF SAINSBURY'S BANK.JIM WILL JOIN AS CEO DESIGNATE.JIM WILL JOIN AS CEO DESIGNATE ON 19(TH) JUNE AND WILL WORK WITH PETER GRIFFITHS FOR A SHORT PERIOD OF HANDOVER..JIM WORKED FOR ROYAL BANK OF SCOTLAND PLC ('RBS') FROM 2015-2017 AS CHIEF EXECUTIVE OF WILLIAMS AND GLYN.  Full Article

Rbs Q1 profit 707 mln stg
Friday, 26 Apr 2019 02:01am EDT 

April 26 (Reuters) - Royal Bank of Scotland Group PLC ::ROYAL BANK OF SCOTLAND Q1 OPERATING PROFIT BEFORE TAX 1.013 BILLION STG.RBS Q1 CET1 RATIO AT 16.2 PERCENT.RBS Q1 ATTRIBUTABLE PROFIT 707 MILLION STG.RBS Q1 COST TO INCOME RATIO AT 63.4 PERCENT.RBS Q1 COSTS DOWN 45 MILLION STG, REITERATES TARGET OF 300 MILLION STG COST CUTS IN 2019.RBS Q1 NO MAJOR FRESH CONDUCT OR LITIGATION CHARGES.RBS Q1 RETURN ON TANGIBLE EQUITY AT 8.3 PERCENT.  Full Article

RBS To Wind Down 1 Billion Pounds Worth Of Contentious Local Council Loans - The Guardian
Saturday, 23 Mar 2019 02:14am EDT 

March 23 (Reuters) - :RBS TO WIND DOWN 1 BILLION POUNDS WORTH OF CONTENTIOUS LOCAL COUNCIL LOANS - THE GUARDIAN.  Full Article

NatWest Markets FY Pretax Loss From Cont Ops 1,277 Mln Stg Vs 1,396 Mln Stg
Friday, 15 Feb 2019 03:01am EST 

Feb 15 (Reuters) - NatWest Markets Plc [RIC:RIC:RBSRB.UL]::ATTRIBUTABLE PROFIT OF £1,217 MILLION FOR 2018 COMPARED WITH A LOSS OF £44 MILLION IN 2017.FY LOSS BEFORE TAX FROM CONTINUING OPERATIONS DECREASED TO £1,277 MILLION FROM £1,396 MILLION IN 2017.THE BANK CET1 RATIO INCREASED BY 90 BASIS POINTS TO 15.6% AT 31 DECEMBER 2018, FROM 14.7% AT 31 DECEMBER 2017.  Full Article

RBS Says Brendan Nelson To Step Down As Chairman Of Group Audit Committee
Friday, 15 Feb 2019 02:02am EST 

Feb 15 (Reuters) - Royal Bank of Scotland Group PLC ::DIRECTORATE CHANGE.BRENDAN NELSON WILL STEP DOWN AS CHAIRMAN OF GROUP AUDIT COMMITTEE.PATRICK FLYNN WILL SUCCEED BRENDAN AS CHAIRMAN OF GROUP AUDIT COMMITTEE.  Full Article

RBS Holds General Meeting To Vote On Buyback
Wednesday, 6 Feb 2019 09:55am EST 

Feb 6 (Reuters) - Royal Bank of Scotland Group PLC ::GM STATEMENT.ROYAL BANK OF SCOTLAND GROUP PLC WILL HOLD A GENERAL MEETING AT 3.00PM ON WEDNESDAY.ASKING SHAREHOLDERS TO VOTE ON SPECIAL RESOLUTION THAT WOULD LET DIRECTORS TO USE SOME OF ITS EXCESS CAPITAL TO BUY BACK SHARES FROM GOVERNMENT.RESOLUTION WOULD PROVIDE CO WITH AUTHORITY TO USE SOME OF BANK'S EXCESS CAPITAL TO BUY BACK PORTION OF SHARES HELD BY GOVERNMENT, AT A TIME AGREED WITH TREASURY.PRUDENT TO MAINTAIN CAPITAL SOMEWHAT ABOVE TARGET AS CO MANAGES WAY THROUGH ISSUES, INCLUDING BREXIT AND VARIOUS REGULATORY CHANGES.A BUYBACK WOULD ALSO REQUIRE REGULATORY APPROVAL FROM PRA.TIMING OF ANY FUTURE SHARE SALES IS HIGHLY UNCERTAIN AND ENTIRELY IN HANDS OF TREASURY."A DIRECTED BUY BACK IS ONE WAY IN WHICH WE CAN RETURN EXCESS CAPITAL TO SHAREHOLDERS".UNDER RESOLUTION, BANK CAN BUY BACK 4.99 PERCENT OF SHARE CAPITAL FROM TREASURY A YEAR, AT CURRENT PRICES WOULD REDUCE CET1 RATIO BY 70 BASIS POINTS.  Full Article

RBS Appoints Katie Murray As CFO
Tuesday, 18 Dec 2018 10:55am EST 

Dec 18 (Reuters) - Royal Bank of Scotland Group PLC ::APPOINTMENT OF KATIE MURRAY AS EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER.MURRAY'S REMUNERATION PACKAGE INCLUDES BASE SALARY OF £750,000 PER ANNUM, FIXED SHARE ALLOWANCE OF £750,000 PER ANNUM.  Full Article

RBS Says Natwest Increases Growth Funding For UK SMES To 3 Bln Stg
Tuesday, 23 Oct 2018 09:47am EDT 

Oct 23 (Reuters) - Royal Bank of Scotland Group PLC ::NATWEST INCREASES GROWTH FUNDING FOR UK SMES TO £3BN.NATWEST HAS ANNOUNCED AN ADDITIONAL £2BN OF FUNDING FOR BUSINESSES AS THEY PREPARE FOR THE BREXIT PROCESS.FUNDING, WHICH NOW TOTALS £3BN, IS AVAILABLE TO ALL CURRENT AND PROSPECTIVE CUSTOMERS THAT MEET THE ELIGIBILITY CRITERIA.ADDITIONAL CAPITAL IS AN EXTENSION TO INITIAL £1BN GROWTH FUNDING ANNOUNCED IN MAY.OF ITS OWN CUSTOMER-BASE, NATWEST IDENTIFIED NEARLY 2,000 THAT IT BELIEVES COULD BENEFIT FROM ADDITIONAL FUNDING.ELIGIBLE CUSTOMERS WILL BE ABLE USE ADDITIONAL FUNDING TO SUPPORT SUPPLY CHAINS AND FINANCIAL RISK MANAGEMENT THROUGHOUT BREXIT.  Full Article

Rbs Sets Aside 2 Billion Stg To Help Small Businesses Deal With Brexit - FT
Monday, 22 Oct 2018 11:23pm EDT 

Oct 22 (Reuters) - :RBS SETS ASIDE 2 BILLION STG TO HELP SMALL BUSINESSES DEAL WITH BREXIT - FT.  Full Article

RBS Prices USD Fixed Rate To Floating Rate Notes
Tuesday, 25 Sep 2018 06:23am EDT 

Sept 25 (Reuters) - Royal Bank of Scotland Group PLC ::ROYAL BK SCOT.GRP. - PRICING OF USD FIXED RATE TO FLOATING RATE NOTES.ROYAL BANK OF SCOTLAND - COMPLETED PRICING OF ITS $1.75 BILLION 5.076% FIXED RATE TO FLOATING RATE NOTES DUE 2030.RBS- PROCEEDS TO RBSG (BEFORE EXPENSES AND UNDERWRITING DISCOUNTS) OF C.USD 1,750,000,000 WILL BE USED TO FUND RBSG'S GENERAL BANKING BUSINESS.  Full Article

MOVES-NatWest names head of financing & risk solutions

June 17 NatWest Markets, the investment banking arm of Royal Bank of Scotland Group, said on Monday it had appointed Kirk Wylie as head of financing & risk solutions technology.