Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

Delayed Quote. Delayed  - 12/15 05:35:07 pm
276.3 GBp   -0.58%
12/15 ROYAL BANK OF S : Celebrating 15 years of female entrepreneurship
12/14 ROYAL BANK OF S : Stabilisation Notice
12/13 ROYAL BANK OF S : Let down - Economics Weekly
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Royal Bank of Scotland Group plc : RBS Plans to Float Stake in U.S. Business - Sources

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/23/2013 | 12:34pm CET
   By Max Colchester 
 

LONDON--Royal Bank of Scotland Group PLC (RBS, RBS.LN) is set to present plans next week to float up to a quarter of its U.S. retail business, according to people briefed on the matter.

RBS Chief Executive Stephen Hester will present the lender's board with a plan to list between 20% and 25% of RBS Citizens Financial Group Inc. in the next two years, one person said. Another person said that the size of the stake had not been finalised yet.

The move follows pressure from U.K. regulators for the 81% British government-owned bank to shore up its balance sheet and raise extra capital. RBS has yet to hire advisors for the deal. Analysts have estimated Citizens's value at around GBP6.6 billion.

Citizens has nearly 1500 branches in the U.S. and is present in 13 states. In the first nine months of 2012 RBS's U.S. retail and commercial division generated revenues of GBP2.35 billion.

The decision to float a part of Citizens follows months of fractious negotiations with U.K. regulators. Back in October a director at the Financial Services Authority wrote to Mr. Hester saying that RBS should consider strengthening its capital base by selling off Citizens.

Mr. Hester seemed set against the idea stating that Citizens was a lucrative part of the business and is in the midst of restructuring. He also argued that finding a buyer willing to pay a fair price for the business would be complicated.

Floating part of Citizens would allow more transparency on the value of the U.S. bank, the person briefed on the matter said. It also removes any immediate pressure for the company to dispose of the business. RBS is set to post a net loss when it presents full year result next week. This is expected to further ratchet up pressure on RBS's management to accelerate the restructuring of the bank which was bailed out by the U.K. taxpayer at the height of the financial crisis.

Write to Max Colchester at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ROYAL BANK OF SCOTLAND GRO
12/15 ROYAL BANK OF SCOTLAND : Celebrating 15 years of female entrepreneurship
12/14 ROYAL BANK OF SCOTLAND : Stabilisation Notice
12/13 ROYAL BANK OF SCOTLAND : Let down - Economics Weekly
12/13 ROYAL BANK OF SCOTLAND : NatWest introduces Face ID for mobile app login on iPho..
12/13 ROYAL BANK OF SCOTLAND : May says RBS branch closures are a commercial matter fo..
12/12 ROYAL BANK OF SCOTLAND : RBS pledges its support to Task Force on Climate-relate..
12/11 ROYAL BANK OF SCOTLAND : M&G Investments taps RBS for new head of asset based le..
12/11 ROYAL BANK OF SCOTLAND : RBS community fund brings £1.25m gift to deprived commu..
12/11 ROYAL BANK OF SCOTLAND : Santander to close four Scottish branches
12/10 Britain's smaller banks jostle for business banking grants
More news
News from SeekingAlpha
12/08 WALL STREET BREAKFAST : Brexit Deal And Jobs Report
12/08 RBS : Brexit deal won't change relocation plans
12/01 WALL STREET BREAKFAST : Tax Concerns Weigh On Stock Futures
12/01 Irish Brexit risks and RBS closures
11/28 UK banks could cope with 'disorderly' Brexit
Financials ( GBP)
Sales 2017 12 876 M
EBIT 2017 4 404 M
Net income 2017 -532 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 14,83
Capi. / Sales 2017 2,57x
Capi. / Sales 2018 2,56x
Capitalization 33 052 M
Chart ROYAL BANK OF SCOTLAND GRO
Duration : Period :
Royal Bank of Scotland Gro Technical Analysis Chart | RBS | GB00B7T77214 | 4-Traders
Technical analysis trends ROYAL BANK OF SCOTLAND GRO
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 2,85  GBP
Spread / Average Target 3,1%
EPS Revisions
Managers
NameTitle
Ross Maxwell McEwan Chief Executive Officer & Executive Director
Howard John Davies Chairman
Mark Bailie Chief Operating Officer
Ewen James Stevenson Chief Financial Officer & Executive Director
Sandy Crombie Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ROYAL BANK OF SCOTLAND GROUP23.73%44 016
JP MORGAN CHASE & COMPANY22.27%368 277
INDUSTRIAL AND COMMRCL BANK OF CHINA LTD33.56%306 922
BANK OF AMERICA30.50%302 905
WELLS FARGO7.46%295 032
CHINA CONSTRUCTION BANK CORPORATION28.31%238 071