The Great Debate UK

from Breakingviews:

UK banks have much to fear from latest probe

July 18, 2014

By Chris Hughes

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Don’t cry for me RBS

June 14, 2013

“Don’t cry for me, RBS” could certainly be the lament being sung by Stephen Hester, outgoing CEO of bailed out Royal Bank of Scotland, after the shock announcement that he will have left the bank by the end of this year. CEOs of banks come and go; however, the government stake in RBS makes this CEO particularly important.
There are two things that make Hester’s departure fascinating: firstly, the fact that the RBS board along with the Treasury have concentrated on how a new leader is needed to privatise the bank. Secondly, the fact that Hester doesn’t seem to want to go.

Do you want shares in RBS and Lloyds?

June 9, 2013

By Matt Scuffham, UK Banking Correspondent.

The government should hand most of its shares in Royal Bank of Scotland and Lloyds Banking Group to the public, an influential political think tank says, in what would be the country’s biggest privatisation.

How will the privatisation of RBS and Lloyds affect gilt supply?

By Guest Contributor
June 4, 2013

–Sam Hill is UK Fixed Income Strategist at RBC Capital Markets. The opinions expressed are his own.–

from Breakingviews:

RBS shows watchdogs need power to stop M&A

December 12, 2011

By Peter Thal Larsen
The author is a Retuers Breakingviews columnist. The opinions expressed are his own.

Why we have to support Ireland

November 23, 2010

IRELAND-POLITICS/– Laurence Copeland is a professor of finance at Cardiff University Business School. The opinions expressed are his own. –

from Breakingviews:

Banks bully, brokers bleat

November 9, 2009

It's just not fair. Those beastly banks are snatching the bread from our mouths, chorus three of London's mid-cap broking houses. "Taxpayer supported banks" (do they by any chance mean Lloyds and Royal Bank of Scotland?) are strong-arming the clients of Panmure Gordon, Numis and Evolution into steering lucrative rights issue underwriting their way.

from Commentaries:

Are Lloyds shares cheap? Not as cheap as this funny money

August 19, 2009

Shares in Lloyds Banking Group are worth 150 pence apiece, according to the analysts from Royal Bank of Scotland, who think the shares offer "a compelling restructuring opportunity" around today's 95 pence.

from Commentaries:

Why is RBS’s boss selling its shares?

August 11, 2009

Controversy and running RBS go hand in hand. Stephen Hester replaced Fred Goodwin as chief executive of RBS and is now in hot water himself over his incentive pay deal. The chief executive of the state-controlled bank could be paid 9.6 million pounds over three years if the share price (currently 44p) reaches 70p. However, he seems to have so little faith in the shares reaching that level that he has offloaded 1,264,565 shares since last November at prices between 28.5p and 48p, yielding just over 464,000 pounds.

Reining in Lloyds

By Paul Taylor
July 1, 2009

paul-taylor– Peter Thal Larsen and Paul Taylor are Reuters columnists. The views expressed are their own –