ICTChris Posted February 28, 2017 Author Share Posted February 28, 2017 More optimistic view of RBShttps://www.forbes.com/sites/francescoppola/2017/02/24/rbs-is-still-losing-money-but-there-are-signs-of-recovery/2/#3b242e163c9c 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted February 28, 2017 Share Posted February 28, 2017 7 minutes ago, ICTChris said: More optimistic view of RBShttps://www.forbes.com/sites/francescoppola/2017/02/24/rbs-is-still-losing-money-but-there-are-signs-of-recovery/2/#3b242e163c9c Not sure what Frances Coppola is supposed to know about banking, but fair enough. America is making a fortune out of European banks, car companies and oil companies, I can't think of any gigantic fines being imposed on US firms, some of whom must have been up to similar shenanigans. Do they just make up a figure or is it as much as they think they can get away with without firms telling them to GTF, they'd be better off not trading in America? 0 Quote Link to comment Share on other sites More sharing options...
ICTChris Posted March 1, 2017 Author Share Posted March 1, 2017 (edited) 13 hours ago, welshbairn said: Not sure what Frances Coppola is supposed to know about banking, but fair enough. America is making a fortune out of European banks, car companies and oil companies, I can't think of any gigantic fines being imposed on US firms, some of whom must have been up to similar shenanigans. Do they just make up a figure or is it as much as they think they can get away with without firms telling them to GTF, they'd be better off not trading in America? Numerous US banks have been fined by the US regulators, often for much bigger sums than RBS will get. ETA - http://blogs.ft.com/ftdata/2015/07/22/bank-fines-data/ Edited March 1, 2017 by ICTChris 0 Quote Link to comment Share on other sites More sharing options...
ICTChris Posted March 5, 2017 Author Share Posted March 5, 2017 Standard Life and Aberdeen Asset Management in merger talks, that would create a very significant asset management company in Scotland. 0 Quote Link to comment Share on other sites More sharing options...
ICTChris Posted March 6, 2017 Author Share Posted March 6, 2017 Confirmation that the merger would result in the largest asset management firm in the UK. Both companies are recommending that the merger go ahead and there's some talk of job losses in the papers today. Shares in both Standard and AAM up on the news. 0 Quote Link to comment Share on other sites More sharing options...
ICTChris Posted March 6, 2017 Author Share Posted March 6, 2017 I'm the only person who cares but this is an interesting story to mehttps://www.theguardian.com/business/nils-pratley-on-finance/2017/mar/06/standard-life-aberdeen-merger-us-scottish 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted March 7, 2017 Share Posted March 7, 2017 I'm the only person who cares but this is an interesting story to me https://www.theguardian.com/business/nils-pratley-on-finance/2017/mar/06/standard-life-aberdeen-merger-us-scottish I had wondered why Aberdeen had appeared on Morrison street. 0 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted March 15, 2017 Share Posted March 15, 2017 Unemployment is still coming down which is good news. Even better that Scotland isn't lagging behind as it has done recently. http://www.bbc.co.uk/news/uk-scotland-scotland-business-39278524 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted March 15, 2017 Share Posted March 15, 2017 5 hours ago, Suspect Device said: Unemployment is still coming down which is good news. Even better that Scotland isn't lagging behind as it has done recently. http://www.bbc.co.uk/news/uk-scotland-scotland-business-39278524 Inflation going up, wages not rising at a lower rate than previously. Plus taxation as a percentage of earnings at its highest in decades. Not the rosiest of pictures. Mind you just wait until we get rid of all those bloody immigrants... 0 Quote Link to comment Share on other sites More sharing options...
Bishop Briggs Posted March 17, 2017 Share Posted March 17, 2017 (edited) On 28/02/2017 at 18:06, ICTChris said: More optimistic view of RBShttps://www.forbes.com/sites/francescoppola/2017/02/24/rbs-is-still-losing-money-but-there-are-signs-of-recovery/2/#3b242e163c9c RBS is the Sevco of the banking sector. Like the Irish, it would have been bust without the bailouts. Good news - http://www.bbc.co.uk/news/business-39301556. "UK shares remained on the front foot on Friday, pushing the FTSE 100 index to its second consecutive closing high." So much for the crash! Edited March 17, 2017 by Bishop Briggs 0 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted March 21, 2017 Share Posted March 21, 2017 Inflation creeping up. The government will like that. The public won't. http://www.bbc.co.uk/news/business-39337909 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted March 21, 2017 Share Posted March 21, 2017 48 minutes ago, Suspect Device said: Inflation creeping up. The government will like that. The public won't. http://www.bbc.co.uk/news/business-39337909 Aye I was just going to post about that. In times of relatively low inflation people tend to forget what an important part of the overall economic equation it is. Not much point in your wages going up by 2% if inflation is somewhere above that. Not quite sure why the government will like this though. 0 Quote Link to comment Share on other sites More sharing options...
Jacksgranda Posted March 21, 2017 Share Posted March 21, 2017 1 hour ago, Granny Danger said: Aye I was just going to post about that. In times of relatively low inflation people tend to forget what an important part of the overall economic equation it is. Not much point in your wages going up by 2% if inflation is somewhere above that. Not quite sure why the government will like this though. Debt is reduced by inflation? 0 Quote Link to comment Share on other sites More sharing options...
DI Bruce Robertson Posted March 21, 2017 Share Posted March 21, 2017 Debt is reduced by inflation? Balloons are increased by inflation. 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted March 21, 2017 Share Posted March 21, 2017 38 minutes ago, Jacksgranda said: Debt is reduced by inflation? That could be it. 0 Quote Link to comment Share on other sites More sharing options...
Jacksgranda Posted March 21, 2017 Share Posted March 21, 2017 4 minutes ago, Granny Danger said: That could be it. Disclaimer: I'm no economist, but I could hardly be as far wrong as some of those who are. 0 Quote Link to comment Share on other sites More sharing options...
DI Bruce Robertson Posted March 21, 2017 Share Posted March 21, 2017 The more inflation %, the less that the government has in liabilities.So, if the government borrows £1 at zero inflation but an interest rate of 10%, it pays back £1.10.As inflation increases, so does tax take. So, if a product used to be worth £1000 & now (due to inflation) it's worth £1200, the vat paid on that product is worth a lot more. Therefore, the government liabilities reduce (as a percentage) of income. It's all smoke & mirrors until you reach hyper inflation. Then, we all start eating other humans. 0 Quote Link to comment Share on other sites More sharing options...
wellwoodpar Posted March 22, 2017 Share Posted March 22, 2017 Strange how we always seem to be doing great whenever the subject of Scottish separation rears its (ugly)head. 0 Quote Link to comment Share on other sites More sharing options...
Bishop Briggs Posted March 22, 2017 Share Posted March 22, 2017 On 21/03/2017 at 12:36, Suspect Device said: Inflation creeping up. The government will like that. The public won't. http://www.bbc.co.uk/news/business-39337909 About the same level as Germany's and lower than Spain's so it must be due to Brexit... 0 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted March 22, 2017 Share Posted March 22, 2017 6 hours ago, Bishop Briggs said: About the same level as Germany's and lower than Spain's so it must be due to Brexit... The fall in the pound is certain to be part of the reason but it's not all down to brexit. You can't say it's got nothing to do with it either. 0 Quote Link to comment Share on other sites More sharing options...
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