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United Kingdom

Royal Bank of Scotland Group PLC (RBS.L)

RBS.L on London Stock Exchange

247.40GBp
26 Mar 2019
Change (% chg)

-0.50 (-0.20%)
Prev Close
247.90
Open
249.10
Day's High
250.40
Day's Low
245.80
Volume
11,576,669
Avg. Vol
16,523,592
52-wk High
297.40
52-wk Low
200.10

Latest Key Developments (Source: Significant Developments)

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

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 

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 

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 

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 

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

NatWest Markets pays dividend to parent company RBS
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Royal Bank of Scotland Group PLC ::NATWEST MARKETS PLC (NATWEST MARKETS) TODAY ANNOUNCES IT HAS DECLARED AN INTERIM ORDINARY DIVIDEND PAYABLE TO ITS PARENT COMPANY, ROYAL BANK OF SCOTLAND GROUP PLC (RBSG GROUP), OF 575.70 PENCE PER ORDINARY SHARE.DIVIDEND DOES NOT HAVE ANY IMPACT ON RBS GROUP'S CET1 RATIO..  Full Article

Royal Bank of Scotland net interest margin falls by 8 basis points to 1.93 pct
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Royal Bank of Scotland Group PLC ::Q3 2018 NET INTEREST MARGIN OF 1.93% DECREASED BY 8 BASIS POINTS COMPARED WITH Q2 2018.RWAS DECREASED BY £4.3 BILLION IN QUARTER PRIMARILY REFLECTING REDUCTIONS IN NATWEST MARKETS AND IMPACT OF CAPITAL INITIATIVES IN COMMERCIAL BANKING..FURTHER NET £60 MILLION IMPAIRMENT CHARGE IN OUR IRISH BUSINESS IN RELATION TO ONGOING SALES FROM OUR LOAN BOOK.UNDERLYING CREDIT CONDITIONS REMAINED BENIGN DURING QUARTER..WE RETAIN OUTLOOK GUIDANCE WE PROVIDED IN 2017 ANNUAL RESULTS DOCUMENT.TOTAL INCOME INCREASED BY EUR 3 MILLION, OR 1.8%, COMPARED WITH Q3 2017 AT ULSTER BANK.OPERATING EXPENSES INCREASED BY EUR 47 MILLION, OR 33.3%, COMPARED WITH Q3 2017 AT ULSTER BANK.IN OCTOBER 2017, NATWEST MARKETS SECURITIES INC. ENTERED INTO A NON-PROSECUTION AGREEMENT (NPA) WITH UNITED STATES ATTORNEY FOR DISTRICT OF CONNECTICUT (USAO) IN CONNECTION WITH ALLEGED MISREPRESENTATIONS TO COUNTERPARTIES.IN OCTOBER 2018, NATWEST MARKETS SECURITIES INC. AGREED TO A SIX-MONTH EXTENSION OF NPA.  Full Article

Royal Bank Of Scotland Reports Q3 profit of 448 mln stg
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Royal Bank of Scotland Group PLC ::ROYAL BANK OF SCOTLAND REPORTS Q3 PROFIT BEFORE TAX 961 MILLION STG.ROYAL BANK OF SCOTLAND REPORTS CET1 RATIO 16.7 PERCENT.ROYAL BANK OF SCOTLAND REPORTS Q3 ATTRIBUTABLE PROFIT 448 MILLION STG.ROYAL BANK OF SCOTLAND REPORTS CONDUCT AND LITIGATION CHARGE OF 389 MILLION STG FOR Q3.ROYAL BANK OF SCOTLAND SAYS CONDUCT COSTS INCLUDE 200 MILLION STG IN FRESH PPI PROVISION.ROYAL BANK OF SCOTLAND REPORTS COSTS DOWN BY 183 MILLION STG YEAR TO DATE.ROYAL BANK OF SCOTLAND REPORTS IMPAIRMENTS OF 240 MILLION STG FOR Q3.ROYAL BANK OF SCOTLAND REPORTS IMPAIRMENTS INCLUDE 100 MILLION IN RELATION TO MORE UNCERTAIN ECONOMIC OUTLOOK.RBS REPORTS RECEIVED APPROVAL FROM DUTCH REGULATOR FOR REPURPOSING OF LICENSE TO SERVE CUSTOMERS IN EU POST-BREXIT.ROYAL BANK OF SCOTLAND REAFFIRMS TARGETS ON COST-INCOME RATIO AND RETURN ON TANGIBLE EQUITY.  Full Article

RBS Says Natwest Increases Growth Funding For UK SMES To 3 Bln Stg
Tuesday, 23 Oct 2018 

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
Tuesday, 23 Oct 2018 

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

UK watchdog intervenes to help mortgage 'prisoners'

LONDON Britain's markets watchdog proposed changes on Tuesday to help banks unlock 30,000 "mortgage prisoners" trapped in poor deals since lending conditions were tightened after the financial crisis.