RBS scraps Bó as profit halved by $1 billion coronavirus provision [Reuters]
ROYAL BANK of SCOTLAND (RBS)
US:NYSE Investor Relations:
investors.rbs.com
Company Research
Source: Reuters
RBS scraps Bó as profit halved by $1 billion coronavirus provision LONDON (Reuters) - Royal Bank of Scotland’s profit halved in the first quarter as it set aside 802 million pounds ($1 billion) to cover an expected spike in bad loans due to the coronavirus pandemic, the state-backed lender said on Friday. Despite the slide in profits, the bank’s results beat analyst expectations in part thanks to a 9% rise in income from a spike in trading in volatile markets at its previously loss-making investment bank NatWest Markets. RBS Chief Executive Alison Rose said the bank was nonetheless still committed to cutting back the division and also said it would wind down digital bank Bó after it attracted just 11,000 customers since its launch in November. RBS shares rose 4%, outperforming the STOXX European banks index which was down 1%. Britain’s biggest four banks - RBS, HSBC, Barclays and Lloyds - have now set aside a combined 6.7 billion pounds to cover an expected rise in defaults in the fal
Show less
Read more
Impact Snapshot
Event Time:
RBS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RBS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RBS alerts
High impacting ROYAL BANK of SCOTLAND news events
Weekly update
A roundup of the hottest topics