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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Royal Bank of Scotland Group    RBS   GB00B7T77214

ROYAL BANK OF SCOTLAND GROUP

(RBS)
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Royal Bank of Scotland : RBS to be fined by regulator over mortgage advice - sources

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08/26/2014 | 01:28pm EDT
A man walks past a Royal Bank of Scotland building in central London

LONDON (Reuters) - Royal Bank of Scotland will be fined by Britain's financial regulator on Wednesday over mortgage advice given to customers, sources familiar with the matter told Reuters on Tuesday.

The Financial Conduct Authority (FCA) is expected to provide further details, including the level of the fine, at 1000 BST on Wednesday, the sources said.

It would be the latest setback to hit Chief Executive Ross McEwan, whose efforts to turn around the bank - which made an 8.2 billion pound loss last year - are being hampered by ongoing investigations into past misconduct.

RBS, which is 81-percent owned by the British government, is among several major banks assisting regulators around the world investigating allegations of collusion and price-rigging in the global currency market.

It has already been fined 390 million pounds for its role in fixing the benchmark London interbank offered rate (Libor) and has set aside 3.2 billion pounds to compensate customers mis-sold loan insurance.

(Reporting by Matt Scuffham; Editing by Laura Noonan and Pravin Char)

By Matt Scuffham

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Financials (GBP)
Sales 2019 12 455 M
EBIT 2019 5 461 M
Net income 2019 2 546 M
Debt 2019 -
Yield 2019 11,3%
P/E ratio 2019 9,74x
P/E ratio 2020 8,55x
Capi. / Sales2019 2,07x
Capi. / Sales2020 2,06x
Capitalization 25 779 M
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Technical analysis trends ROYAL BANK OF SCOTLAND GRO
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 234,86  GBp
Last Close Price 213,50  GBp
Spread / Highest target 122%
Spread / Average Target 10,0%
Spread / Lowest Target -30,4%
EPS Revisions
Managers
NameTitle
Ross Maxwell McEwan Chief Executive Officer & Executive Director
Howard John Davies Chairman
Mark Bailie Chief Operating Officer
Katie Murray Chief Financial Officer & Executive Director
Brendan R. Nelson Independent Non-Executive Director
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