Royal Bank of Scotland (RBS) – To slash thousands more jobs

The bank, which has now reported seven straight losses adding up to £49.7bn since its 2008 bail-out, also said it would slash thousands more jobs in a dramatic restructuring of its investment bank, exiting two-thirds of the unit’s geographies and cutting around £70bn of assets.

Chosen excerpts by Job Market Monitor. Read the whole story at  RBS posts seventh straight annual loss as it plans more job cuts – Telegraph.