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United States

Royal Bank of Scotland Group PLC (RBS)

RBS on New York Consolidated

7.30USD
22 Nov 2017
Change (% chg)

$-0.04 (-0.54%)
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$7.34
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$7.64
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Latest Key Developments (Source: Significant Developments)

Royal Bank of Scotland updates on ring-fencing plans
Tuesday, 21 Nov 2017 11:06am EST 

Nov 21 (Reuters) - Royal Bank Of Scotland Group Plc ::ROYAL BANK OF SCOTLAND-‍DURING SECOND HALF 2018, PROPOSED THAT NATWEST HOLDINGS LIMITED, AS PARENT OF RING-FENCED SUB-GROUP WILL BE TRANSFERRED FROM RBS PLC TO RBS GROUP PLC​.  Full Article

RBS ‍net interest margin reduced by 1 basis point to 2.12 pct​
Friday, 27 Oct 2017 02:06am EDT 

Oct 27 (Reuters) - Royal Bank Of Scotland :‍net interest margin (nim) reduced by 1 basis point to 2.12​.‍core RWAs have reduced £10.2 billion for year to date.​.‍across pbb and cpb, net loans and advances increased by 3.4% on an annualised basis ​.‍gross new mortgage lending was £7.1 billion with market share of new mortgages at approximately 10%​.‍in full year 2017 reporting we will no longer report williams & glyn as a separate segment​.‍we retain 2017 full year financial guidance and medium term financial outlook we provided in 2016 annual results document​.‍natwest markets adjusted operating expenses were 10.5% lower than q3 2016 principally due to prior year including a one-off expense adjustment​.‍retain 2017 full year financial guidance and medium term financial outlook we provided in 2016 annual results document.​.‍subject to any further provisions for investigations of us department of justice into group's historic rmbs related activities being substantially taken in 2017, our expectation remains that we will be profitable in 2018.​.Expects to realse a gain on disposal before tax of around 175 million stg in q4 2017 from sale of shares in euroclear‍​.  Full Article

RBS to pay more than $44 mln, enter U.S nonprosecution agreement over trading
Thursday, 26 Oct 2017 10:19am EDT 

Oct 26 (Reuters) - U.S. ATTORNEY SAYS SETTLEMENT RELATES TO RBS' FRAUDULENT TRADING THROUGH ITS NOW-DEFUNCT U.S. ABS, MBS AND CMBS TRADING GROUP:.  Full Article

Royal Bank Of Scotland says disposal of shareholdings in Euroclear plc
Tuesday, 24 Oct 2017 12:37pm EDT 

Oct 24 (Reuters) - ROYAL BANK OF SCOTLAND GROUP PLC ::DISPOSAL OF SHAREHOLDINGS IN EUROCLEAR PLC.SAYS SUBSIDIARIES HAVE TODAY ENTERED INTO AN AGREEMENT TO DISPOSE OF RBS' ENTIRE SHAREHOLDINGS IN EUROCLEAR PLC TO INTERCONTINENTALEXCHANGE HOLDINGS​.‍TRANSACTION, WHICH WAS ALSO COMPLETED TODAY, INVOLVED SALE OF 148,349 ORDINARY SHARES IN EUROCLEAR PLC FOR A TOTAL CASH CONSIDERATION OF EUR 275 MILLION.  Full Article

RBS says expects 400 mln stg cost from SME customer case
Monday, 23 Oct 2017 09:15am EDT 

Oct 23 (Reuters) - Royal Bank Of Scotland ::ROYAL BANK OF SCOTLAND - ‍WELCOMES FCA'S CONFIRMATION THAT MOST SERIOUS ALLEGATIONS MADE AGAINST BANK HAVE NOT BEEN UPHELD.‍RBS RESPONDS TO PUBLICATION OF FCA REPORT ON INDEPENDENT REVIEW INTO GRG​​.‍BANK CONTINUES TO ESTIMATE CUMULATIVE COST OF THESE MEASURES TO BE APPROXIMATELY £400M​.ROYAL BANK OF SCOTLAND - ‍BANK ACCEPTS THAT IT DID NOT ALWAYS COMMUNICATE AS WELL OR AS CLEARLY AS IT SHOULD HAVE DONE​.‍BANK HAS NOW COMPLETED AUTOMATIC REFUND OF COMPLEX FEES, WITH MORE THAN £115M OF REFUND OFFERS MADE​.ROYAL BANK OF SCOTLAND - COULD HAVE MANAGED TRANSITION TO GRG BETTER AND SHOULD HAVE BETTER EXPLAINED TO CUSTOMERS ANY CHANGES TO PRICES OR COMPLEX FEES IT WAS CHARGING​.  Full Article

UK's FCA updates on review of RBS's treatment of SME customers
Monday, 23 Oct 2017 06:23am EDT 

Oct 23 (Reuters) - UK'S FCA::UK'S FCA - UPDATE ON THE FCA'S REVIEW OF RBS'S TREATMENT OF SME CUSTOMERS REFERRED TO ITS GLOBAL RESTRUCTURING GROUP‍​.UK'S FCA SAYS RBS HAS ACCEPTED THAT IT DID NOT MEET THE STANDARDS IT SET FOR ITSELF WHICH IMPACTED ON HOW IT TREATED SOME OF ITS SME CUSTOMERS‍​.UK'S FCA - RBS HAS TAKEN VOLUNTARY STEPS, SUCH AS PROACTIVE REVIEW OF COMPLEX FEES, AND SETTING UP A COMPLAINTS SCHEME FOR ELIGIBLE SME CUSTOMERS.  Full Article

RBS announces allotment, issue of new ordinary shares
Wednesday, 27 Sep 2017 08:19pm EDT 

Sept 27 (Reuters) - Royal Bank of Scotland Group PLC :Announces allotment, issue of 56.6 million new ordinary shares of co at subscription price of 256.0266 pence per new share‍​.  Full Article

RBS CEO denies interest in running Commonwealth Bank of Australia
Friday, 22 Sep 2017 04:33am EDT 

Sept 22 (Reuters) - Royal Bank Of Scotland Group Plc :RBS chief executive Ross McEwan told LBC radio he is not interested in running Commonwealth Bank of Australia after media reports linked him to the role.Media reports had said McEwan would be among contenders to be the new chief executive at Australia's largest bank, his former employer .  Full Article

RBS says plan to help challenger banks consistent with previous provision
Monday, 18 Sep 2017 12:15pm EDT 

Sept 18 (Reuters) - ROYAL BANK OF SCOTLAND ::‍EUROPEAN COMMISSION FORMALLY APPROVES ALTERNATIVE REMEDIES PACKAGE IN RELATION TO RBS'S REMAINING STATE AID COMMITMENTS​.‍ALTERNATIVE REMEDIES PACKAGE REMAINS CONSISTENT WITH 800 MLN STG PROVISION THAT RBS TOOK IN RELATION TO EXPECTED COSTS OF PACKAGE IN H2 2016 AND H1 2017​.‍"REMAIN COMMITTED TO RESOLVING OUR LAST REMAINING MAJOR LEGACY ISSUE, INVESTIGATION INTO OUR HISTORIC U.S. RMBS ACTIVITIES" - CEO​.  Full Article

UK government backs RBS's plan to help challenger banks
Monday, 18 Sep 2017 12:00pm EDT 

Sept 18 (Reuters) - UK'S HM TREASURY::A PLAN TO RESOLVE RBS' FINAL STATE AID COMMITMENT HAS BEEN AGREED IN PRINCIPLE BETWEEN THE UK GOVERNMENT AND THE EU COMMISSION‍​.PLAN TO RESOLVE RBS' FINAL STATE AID COMMITMENT, WORTH ABOUT £835 MILLION, HAS BEEN AGREED IN PRINCIPLE.PLAN INCLUDES A £425 MILLION CAPABILITY & INNOVATION FUND COMPRISED OF 15 GRANTS THAT ELIGIBLE CHALLENGER BANKS AND OTHER FINANCIAL SERVICES PROVIDERS.PLAN INCLUDES £350 MILLION OF FUNDING TO INCENTIVISE SMES TO SWITCH THEIR ACCOUNTS FROM THE BUSINESS PREVIOUSLY DESCRIBED AS WILLIAMS & GLYN TO ELIGIBLE CHALLENGERS.RBS WILL ALSO FUND C. £60 MILLION OF ADDITIONAL IMPLEMENTATION AND OTHER COSTS.UK GOVERNMENT WILL NOW WORK WITH THE COMMISSION TO FORMALISE THE REVISED PLAN, INCLUDING THE NEXT STEPS ON IMPLEMENTATION.  Full Article

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UK sees weak growth, more borrowing, but Hammond says will spend

LONDON Brexit-bound Britain slashed its economic growth forecasts and ramped up its borrowing plans going into the 2020s, but finance minister Philip Hammond announced a number of spending steps aimed at winning back voters. | Video