Tag Archives: retail

RBS to cut 30,000 jobs by slashing its investment banking division

Posted by aurelius77 on

The bank, 81 per cent owned by the taxpayer, has already axed 40,000 posts since it was bailed out by the government in 2008

Royal Bank of Scotland is gearing up for further job cuts as it prepares to focus on the high street and withdraw from riskier investment banking activities.

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It now aims to cut up to 30,000 more posts by offloading parts of its international business and slashing its investment banking division. Continue reading →