RBS

feder1
Posts: 17
Joined: November 8th, 2016, 8:28 am

RBS

Postby feder1 » December 6th, 2016, 12:48 am

If there isn,t another board on this stock then there needs to be somewhere to discuss share price prospects and also the compensation actions.

dspp
2 Lemon pips
Posts: 223
Joined: November 4th, 2016, 10:53 am

Re: RBS

Postby dspp » December 6th, 2016, 9:48 am

This is as good a place as any so go for it.

BreakTheBank
Posts: 3
Joined: December 6th, 2016, 1:10 pm

Re: RBS

Postby BreakTheBank » December 6th, 2016, 1:16 pm

feder1 wrote:If there isn,t another board on this stock then there needs to be somewhere to discuss share price prospects and also the compensation actions.


Feder1 - there is good discussion of banks on www.fixedincomeinvestments.co.uk with a couple of topics currently discussing RBS compensation at-

https://www.fixedincomeinvestments.co.u ... d-the-fca/

and prospects at -

https://www.fixedincomeinvestments.co.u ... published/

swynn
Posts: 16
Joined: November 18th, 2016, 7:27 am

Re: RBS

Postby swynn » December 11th, 2016, 9:59 am

The FCA says:

"RBS did not set out to artificially engineer a position to cause or facilitate the transfer of a customer to GRG;
SME customers transferred to GRG were exhibiting clear signs of financial difficulty;"

On the contrary there is a huge amount of evidence that RBS was transferring SMEs to GRG which were not in financial difficulty. Or the financial difficulty was caused by RBS itself by the mis-selling of interest rate swaps.

https://www.fca.org.uk/news/press-relea ... ring-group
http://www.ianfraser.org/businesses-tra ... d-sleuths/

CliffW8
Posts: 2
Joined: November 6th, 2016, 6:29 pm

Re: RBS

Postby CliffW8 » December 14th, 2016, 3:57 pm

Campaign launched to have Shareholder Committee at Royal Bank of
Scotland ($RBS)
, by ShareSocUK ‏@ShareSocUK .
For more information and to sign up see http://www.sharesoc.org/rbs.html
Alternatively, just drop me an email at rbs.campaign@sharesoc.org saying you want to support the campaign and I will send you the forms to complete. You don't have to be a ShareSoc member to support the campaign, but you do have to own RBS shares (either directly or via a nominee account).

We think this is in the public interest. We believe that there is a problem in the corporate governance of many quoted companies, as is evidenced in the recent Government Green Paper. RBS is an important asset and its ownership and the way it is governed is of interest to the wider public. There is a need for companies to step up and respond to Mrs May’s initiative on making capitalism work for everyone. Of critical importance is the role of large shareholders.

We are currently taking steps to implement our proposal of Shareholder Committees. We plan to request a resolution to the RBS AGM to form a Shareholder Committee. To do this we need the support of 100 shareholders who hold an average of at least 100 shares each; or the support of shareholders owning 5% of the shares; or RBS to volunteer to submit the resolution themselves.

Our view is that most sensible people will see the benefit of piloting sensible sounding initiatives, and that RBS with its track record is a very good candidate for such a committee. Any support and advice you can give would be appreciated.

Because the majority of the representatives on the Shareholder Committee are likely be nominees and asset managers, there must be a requirement that their duty on the Shareholder Committee will be to represent the interests of the beneficial owners (and not their own). Without this, we end up back where we are now with large shareholders who could force action on a number of issues but prefer to maintain the status quo.

I have also written to Chris Philp, MP about how to improve his proposals and a copy of the letter we sent is on the ShareSoc Website.

We sent out an email on Monday to our members asking for their support. The early response is good: 44 supporters in just 48 hours.

Cliff Weight, ShareSoc Director
01737 202075

CliffW8
Posts: 2
Joined: November 6th, 2016, 6:29 pm

Re: RBS

Postby CliffW8 » December 17th, 2016, 7:23 am

We now have 73 supporters signed up but need more. Please help!


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