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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Royal Bank of Scotland Group plc    RBS   GB00B7T77214

Delayed Quote. Delayed  - 05/26 05:35:13 pm
261.6 GBp   -1.65%
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Royal Bank of Scotland : Taxpayers need RBS answers

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05/26/2017 | 11:46am CEST

INCREASINGLY it looks likely that the current action against the Royal Bank of Scotland raised by thousands of the remaining aggrieved shareholders will be settled out of court through a substantially increased offer to be agreed in confidential talks between the opposing legal teams ("Anger as RBS legal action is delayed a third time", The Herald, May 25).

It all sounds very cosy with no one suffering. However, as RBS is owned effectively by the taxpayers, how in practical terms is that settlement to be funded?

Also how were any previous settlements funded, and if the rumour of some huge action from the US waiting in the wings is correct, how is the defence and ultimate settlement of that proposed to be funded?

Overall, what affect will all of these costs have on taxpayers and also on the future of RBS? Are we not entitled to have all of this spelled out?

Alan Fitzpatrick,

10 Solomon's View,

Dunlop.

Credit: Drew Allan

(Copyright (c) 2017 Newsquest Media Group), source Newspapers

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Financials ( GBP)
Sales 2017 12 360 M
EBIT 2017 3 855 M
Net income 2017 -704 M
Debt 2017 -
Yield 2017 0,21%
P/E ratio 2017 -
P/E ratio 2018 16,08
Capi. / Sales 2017 2,56x
Capi. / Sales 2018 2,50x
Capitalization 31 590 M
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Royal Bank of Scotland Gro Technical Analysis Chart | RBS | GB00B7T77214 | 4-Traders
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Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 2,49  GBP
Spread / Average Target -6,5%
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Managers
NameTitle
Ross Maxwell McEwan Group Chief Executive Officer & Executive Director
Howard John Davies Chairman
Mark Bailie Chief Operating Officer
Ewen Stevenson Chief Financial Officer & Executive Director
Aileen N. Taylor Chief Governance Officer & Director
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