RBS Takes Big Charge, But Not As Large As Expected

Mani

Published onJanuary 28, 2014

Updated on May 13, 2021

Jefferies reiterated its Buy rating on Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) despite the recent announcement of £2.9 billion of litigation and conduct charges.

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Joseph Dickerson and team at Jefferies however trimmed RBS’ target price from 441.0p to 414.0p.

RBS’ £2.9 billion charge

Following its board meeting Monday, Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) made a surprising trading update that the bank is taking billions of pounds in extra charges to cover the cost of past misdeeds.

The RBS group...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

RBS Takes Big Charge, But Not As Large As Expected

RBS’ £2.9 billion charge

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