The Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) plans to shut down its riskier investment-banking businesses, according to a report published by Financial Times.
Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) is set to announce a strategic review when it reports earnings on February 27.
RBS’ workforce to shrink by 30,000
According to the Financial Times report, Britain’s largest state-owned lender’s workforce of 120,000 will shrink by 30,000 in coming years, as businesses including its U.S. bank and some British branches are spun off and jobs are cut. Setup a free account to get access to this article (no credit card required).Login required to continue reading.
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