Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) is in discussion with the United Kingdom’s Financial Services Authority to decide allegations that some of its workers conspired to influence Libor interest rates, as said by a person with knowledge about the matter.
The person, who refused to be identified as the matter was not public, stated that the financial company’s attempts to settle the issue have been slowed down by concern at RBS over what happened at Barclays PLC (ADR) (NYSE:BCS) in June, when its fix charges linked to the London interbank offered rate directed to the dismissal of CEO Robert Diamond.
The person further reported that the amount that RBS has been discussing as a payment would possibly be more than $290 million pounds or $462 million, the amount decided by Barclays, as the belief among controllers is that the conduct at Royal Bank of Scotland was worse.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Toronto-Dominion Bank (USA) (NYSE:TD) rose +0.71% to settle at $83.70, Bank of Montreal (USA) (NYSE:BMO) moved up +0.68% to end at $59.08 while Bank of Ireland (ADR) (NYSE:IRE) jumped +4.33% to finish on Friday at $5.78.
Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) on Sep 07, 2012 increased +4.80% to the closing price of $7.86. The overall volume in the last trading session was 447,622.00 shares. Its fifty two week range was $5.36-$9.44. The total market capitalization remained $224.08 billion.
RBS is ahead its 52 week low with 46.64% and lagging behind from its 52 week high price with -16.74%. RBS last month stock price volatility remained 1.79%. In its share capital RBS has 5.39 billion outstanding shares among them 936.90 million shares have been floated in market exchange. RBS stock institutional ownership remained 0.23%.
The stock price of RBS is moving forward from its 20 days moving average with +9.60% and remote positively from 50 days moving average with +14.85%. RBS current year earnings per share experienced a downfall of -1817.09% while its current quarter performance remained +12.61%. Company’s beta coefficient included 2.54. Beta factors measures the amount of market risk associated with market trade.
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