Is RBS any good?
Hi guys,
I was wondering about your opinions on RBS (in UK/Europe, but also US). Any thoughts on their International Banking divisions such as:
1)Corporate Advisory
2)Global Restructuring Group
3)Capital & portfolio management
etc.
The 1) should be their Investment Banking Division, more info here:
https://www.rbsbankyoubuild.com/business-areas/ma…
I might apply for their SA program, and I am in touch with their International Banking Graduate Recruiter, who is willing to offer any advice and info on divisions etc. Does this bank have any bright future at all? Pretty much all the news are bad.
Anything that would be worth asking? I have prepared some questions regarding my specific profile, but is there any interesting thing that I could ask additionally?
Ultimately, do RBS Investment Bankers have any good exit opps or PE/HF?
Which division would be regarded best?
Compensation?
Are their traders in much better position now, in comparison to ibankers?
Are they even worth applying to?
Any comparison between them and for example Jefferies or lower tier BBs?
Dont get me wrong, I am also up for the long-term career in banking, no idea what i will think about it all after first year FT.
Would you take RBS for your summer before FT - is it much worse than BBs?
Many thanks!
I remember the times, some 2-3 years ago, when I was just lurking this website;
Guys like IlliniProgrammer, Edmundo and tons of other guys would answer posts like this with an insightful info, I think that there was exactly the same question actually, search it under RBS.
Nowadays, guys only join the threads about trolling. The whole tone of this website has become way more unfriendly and unhelpful.
Good luck with the info, cant help you. However, I would rank RBS below UBS, as well as below Jefferies etc. My advice - apply for it, but try to get something better in the meantime. Their Investment Banking is not good, only perhaps the DCM.
Aren't they selling off their U.S. banking operations? Or something like that?
that was RBC - the canadian one, not RBS
Not sure about RBC but RBS is definitely looking to sell-off some operations: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9018762/RBS-attracts-bidders-for-investment-bank-raising-hopes-for-jobs.html
RBS closed down/is in the process of closing down all of its investment bank except DCM. http://www.guardian.co.uk/business/2012/jan/12/rbs-axe-3500-jobs-invest… "The unprofitable cash equities, corporate broking, equity capital markets, and mergers and acquisitions businesses – part of which is Hoare Govett – will be sold or shut down."
No.
Take it from me, RBS is fine. They're better than the bullshit banks you just listed (the fellow a few posts above me). They have a number of very capable bankers, many of whom stay because the pay of those who are left is still high. The downside, they aren't doing very... they might be broken up by Vince Cable and the British government come the 2015 election. Additionally, 80% of it is owned by the government, and unlike UBS we're talking about a long put rather than a short one.
However, it has a great name brand still, and I imagine you can learn a great deal from the departments you just posted up.
they have a reasonable dcm business but the rest is shit. stay far far away
Many thanks for the useful comments guys! Any additional insight would be much appreciated.
their credit portfolio restructuring guys are well respected.
Thanks for the reply Oreos! Any idea which division is credit portfolio restructuring part of? https://www.rbsbankyoubuild.com/business-areas/markets-and-banking-care…
I thought they hired Lazzard to sell some of their Banking operations
Thoughts on RBS (Originally Posted: 11/09/2014)
Hey guys, I was wondering what everyone's opinion of RBS' US operations is. I know they had a terrible few years since 2007/2008, but there has been a lot of news that they are slowly making a recovery and returning to profit.
I also know they don't do M&A and focuses on debt - does this still make them a "full" investment bank? Thanks!
Heard good things about the culture, but also interested in other thoughts on their banking
Bump
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