Royal Bank of Scotland Cuts 300 More Jobs at Investment Bank
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Royal Bank of Scotland Group Plc, Britain’s biggest government-owned lender, said it will cut 300 more jobs at its investment banking unit and is “on track” with its plan to exit businesses.
RBS will eliminate 3,800 jobs at the division by the fourth quarter of next year, compared with an earlier target of 3,500, according to slides based on a presentation delivered by John Hourican, chief of markets and international banking, to analysts today. About 3,000 of the cuts will have completed this year, RBS said.