Royal Bank of Scotland’s (NYSE:RBS) David McIlwain Departs; Shatter 3,800 Jobs at Investment-Banking Unit – RBS, TD, IRE, HBC

The Financial Industry Regulatory Authority reported on Friday that David McIlwain has left Royal Bank of Scotland Group plc (ADR) (NYSE:RBS), where he was director of retail structured products.

Finra announced that David McIlwain worked at the Edinburgh-based financial company since August 2010 after quitting from Morgan Stanley (NYSE:MS) in July 2009. McIlwain refused to remark when contacted on his mobile phone.

Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) will shatter 3,800 employments at the investment-banking unit by the Q4 of coming year, evaluated against a prior forecast of 3,500, according to drops based on a presentation delivered by John Hourican.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Toronto-Dominion Bank (USA) (NYSE:TD) fell -0.31% to settle at $83.50, Bank of Ireland (ADR) (NYSE:IRE) moved up +0.78% to end at $6.42 while HSBC Holdings plc (ADR) (NYSE:HBC) plunged -0.47% to finish at $52.54 on Friday.

Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) on Dec 28, 2012 decreased -1.61% to the closing price of $10.41. The overall volume in the last trading session was 194,318 shares. Its fifty two weeks range was $6.01 – $10.62. The total market capitalization remained at $58.14 billion.

RBS is ahead of its 52-week low with 73.21% and lagging behind from its 52-week high price with -1.98%. RBS’s last month’s stock price volatility remained 1.52%. In its share capital RBS has 5.39 million outstanding shares, among them 936.90 million shares have been floated in market exchange. RBS’s stock’s institutional ownership remained 0.22%.

The stock price of RBS is moving forward from its 20 days moving average with 5.47% and remote positively from 50 days moving average with 11.45%. RBS’s current quarter performance remained at 26.18%. Company’s beta coefficient included 2.55. Beta factors measure the amount of market risk associated with market trade.

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