No. of Recommendations: 8
Not up on the RBS Investor Relations website as far as I can tell, but was filed with the SEC yesterday, so I'd imagine that it will be posted later today:

Headlines are a £3.8bn loss for the year (£4.2bn at an operating level). Within shareholders' equity, this was more than offset by Parent Company funding of £5.2bn. Would be interesting to see how this compares with what their budgets were for capital movements.

It is, to be blunt, not a very pretty picture.

Cost of funding increasing; which directly hits their NII margin. Large PPI claims/provision hit, and large Ulster Bank impairments (both of which are, of course, known and shouldn't be a surprise to anyone assuming they read the Feb announcements closely enough!).

There's a LOT of information in there if you're a banking nerd and want to dig into the detail.

Also a Fixed Income presentation from Feb that I found wandering around the corporate website:

Print the post  


Banking Sector & Fixed Income forum
For discussion of fixed income, across all sectors and geographies including distressed opportunities, and discussion of the banking sector and its regulation in general
Bank share tweets
Closure of the UK Discussion Boards
The UK Discussion Boards are now closed to new posts.