RBS has failed BOE's stress test and needs to raise GBP 2 billion. A year ago, Standard Chartered and bailed-out RBS had the weakest financial positions.
The stock could breach the 50-DMA support seen around 189.21 (also the rising trend line support). The MACD has already turned bearish.
"...Its progress with the DoJ is particularly important to Royal Bank of Scotland, because the British lender is also expected to be hit with a hefty US settlement. RBS posts third-quarter results tomorrow but is not expected to give a substantial update on its DoJ talks because they are not thought to be at an advanced stage..."
27 OCTOBER 2016 • 2:33PM