The Royal Bank of Scotland (RBS) will announce its full-year 2010 results this Thursday, 24th February. It is expected that to coincide with this, Stephen Hester will announce that the British Government may begin to offload its 83% shareholding in the banking group sometime this year. The results are still expected to show a small […]
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Tag Archives: RBS
RBS Back in Black!
August 6, 2010 
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Shock, horror! One of the world’s biggest banks, RBS, has made a profit! Before exceptional tax charges the bank reported a profit for the first half of this year of £1.1billion. A figure made even more impressive considering the fact that they are disposing of non-core assets as well as de-leveraging their entire business. I […]
Continue readingLloyds to Profit in 2010
March 19, 2010 1 Comment
It was only a question of when one of the government owned banks in the UK would announce some good news, and today was that day. The Lloyds Banking Group today announced that it expected to make a full-year profit in 2010. Unsurprisingly, its shares have jumped ~8% to 60p on the news. RBS shares […]
Continue readingRBS Results
February 25, 2010 0 Comments
RBS announced its full-year 2009 results today which were significantly better than expected by the consensus opinion. They lost £3.6billion vs the average view that they would lose £5billion. This may still sound awful, but underneath the headline figures it is obvious that significant improvements are being made. Stephen Hester has also made the bold […]
Continue readingWhy I am Buying RBS
February 9, 2010 0 Comments
One advantage of the ‘Credit Crunch’ or the ‘Banking Crisis’ is that many banks are seriously out of favour with investors, both institutional and individual. RBS has been one of the heaviest hit thanks to media hysteria and clumsy government intervention. RBS was also the victim of very aggressive shorting by hedge funds and others […]
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Alistair Milne 