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Royal Bank of Scotland (RBS.L) paid its first dividend since a 2008 British government bailout on Friday, rewarding around 190,000 shareholders with a 2 pence per share payout.
This year, RBS is expected to return to profit, and according to Morningstar, the consensus forecast among brokers is for pre-tax profits of around 3.5 billion pounds.
LONDON -- The last five years have been tough for those in retirement. Portfolio valuations have been hammered and annuity rates have plunged. There's no sign of things improving anytime soon ...
On Monday, 19 January 2009, a date previously known as Blue Monday, British banking shares collapsed in a rout of selling after Royal Bank of Scotland (RBS) announced the biggest corporate losses in British history. The shares fell over 67% in a single day. Shares in all other British banks suffered heavy losses.
In 1988, Royal Bank of Scotland Group acquired Citizens. [11] Under RBS ownership, Citizens acquired several smaller banks in New England to become the second largest bank in the region. In 1996, in conjunction with the acquisition of First NH Bank , the Bank of Ireland gained a 23.5% stake in Citizens, which RBS then acquired two years later ...
I bought in May 2010, at 50 pence per share, and again in September 2011, at the more pleasing price of 21 pence per share. Both were speculative buys. One has paid off (so far), one hasn't.