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