RBS

RBS/NatWest: Has the leopard changed its spots?

This article reflects the opinions of its author and not necessarily those of ShareSoc. Farage Fiasco forces CEO’s resignation; governance concerns at NatWest Dame Alison Rose stood down in July over the closure of Nigel Farage’s account by Coutts & Co, and more specifically over her indiscrete communications with the BBC on the matter. Alison Rose clearly made a huge blunder in chatting to Simon Jack, the BBC news editor, about a customer’s personal financial information. I’m sure she will kick herself until the ...

RBS Shareholder Campaign and AGM voting recommendations – Update 18, 17 April 2020

 RBS could do better! It would be wrong to lambast RBS in the eye of the COVID-19 storm, but we note the following issues: 2020 AGM solution requires voting before discussion Directors’ shareholdings are too small – no alignment with shareholders No information on potential loan impairments from COVID-19 pandemic Market cap of £12bn is too small versus £723bn total assets The RBS Board has in this time of crisis, reverted to type – communication flows and quality of ...

RBS Shareholder Committee Campaign – Update 17

ShareSoc and UKSA have now paused this campaign, because RBS are now engaging better with shareholders and have announced a programme of 4 events a year specifically focussed on engagement with individual shareholders. See https://investors.rbs.com/shareholder-centre/shareholder-events.aspx, where you can also access a recording of RBS' successful virtual event on 25 Nov 2019. This has been a successful campaign. Notable achievements: We were able to successfully requisition 3 resolutions at two AGMs. Although we did not get shareholders to vote in favour of a ...

Reuters, 28 Nov 2019, Barclays Cuts CEO Pension Perks

Peter Parry comments on CEO pension payments: https://www.euronews.com/2019/11/28/barclays-joins-rivals-with-cuts-to-ceo-pension-perks

RBS Virtual Shareholder Engagement Meeting 25 Nov 2019 at 7pm

RBS have now announced details of their Virtual Shareholder Engagement Meeting on 25 Nov 2019 at 7.00pm, when you can listen and watch on the internet and ask questions, from the comfort of your home or wherever you may be. I hope many members will attend this meeting. To sign up and register click here You will need to submit your shareholder number. It is on your shareholder certificate. What happens if you hold your shares via a nominee?  I have asked RBS to clarify if ...

Brexit Bounce, Green Accreditation, Security Issues and Hargreaves Lansdown AGM

The FTSE and my portfolio jumped up this morning (11th October) on the hope of a Brexit Agreement after all. RBS is up 16% which seems to be a...

RBS Shareholder Event 10 September 2019

RBS held a successful shareholder event at their London HQ on 10 September 2019, attended by about 90 shareholders. There is clearly demand, from many shareholders, to attend such...

RBS Shareholder Event Tuesday 10 September 2019, 6pm – 8pm in London.

I am very pleased to report progress at RBS on shareholder engagement with individual investors. The next event will take place on Tuesday 10 September 2019, 6pm – 8pm in London. If you are interested in attending this event please email your full name, postcode and Shareholder Reference Number (if known) to rbseventlondon@computershare.co.uk by Friday 23 August 2019. On the 25 November 2019 RBS are planning a virtual shareholder event. Further information regarding this event and how to participate will be made available soon. I ...

CNBC, 25 Apr 2019 – RBS Bosses Braced for Shareholder Rebellion

https://www.cnbc.com/2019/04/25/rbs-bosses-braced-for-shareholder-rebellion-over-pay-report.html “…The bank, which is still 62% owned by the taxpayer, has faced resistance from the Investment Association (IA), which has 200 members collectively managing over £7.7 trillion ($9.92 trillion) in assets, along with shareholder society ShareSoc and shareholder advisory body PIRC. Earlier this month, ShareSoc director and RBS shareholder committee campaign co-ordinator Cliff Weight advised members holding RBS shares to vote against the bank’s remuneration report…”

RBS Shareholder Committee Campaign: Update 15

RBS Shareholder Committee Campaign: Update 15 - Resolution has been accepted and is on the AGM agenda The Shareholders Circular and notice of the AGM was sent out on 18 March to all shareholders on the register, along with a copy of the annual report (only 267 pages this year), headed “Building a simple, safe and more customer-focused bank”. You only get a paper copy of the annual report if you asked for it. Those people who have invested in RBS shares via ...