Royal Bank of Scotland

This tag is associated with 8 posts

Royal Bank of Scotland (RBS) – To cut 14,000 jobs by 2019

The UK’s state-rescued Royal Bank of Scotland (RBS) is set to cut up to 14,000 jobs in its investment banking units across the United States and Asia by 2019, the Financial Times reported on Wednesday.  The number amounts to 80 percent of the jobs in the RBS’s investment banking sector, which is scheduled to experience … Continue reading

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 … Continue reading

Royal Bank of Scotland / To cut up to 30,000 jobs

The Financial Times and the Daily Telegraph reported Friday that Royal Bank of Scotland would soon announce job cuts of between 20,000 and 30,000. They assumed the lender – owned 80 percent by the taxpayer – would inform the public about its plans while presenting an earnings report next week. The media reports suggested the … Continue reading

Ulster Bank / To cut up to 1,800 jobs

Royal Bank of Scotland’s troubled Ulster Bank arm announced up to another 1,800 job cuts and around 40 branch closures under plans to return it to profit within the next three years Continue reading

RBS / To axe 2,000 jobs in investment bank

Royal Bank of Scotland (RBS.L) said on Thursday it would cut jobs in a restructuring of its investment bank, which a source familiar with the matter said would see about 2,000 jobs go. Chosen excerpts by Job Market Monitor via RBS axes 2,000 jobs in shake up of investment bank | Reuters.

RBS / 1,400 Jobs cut in UK

Royal Bank of Scotland Group Plc, the recipient of the world’s biggest banking bailout, will cut 1,400 jobs at its U.K. consumer banking unit in the next two years. The lender will spend 700 million pounds ($1.07 billion) updating its branches and improving its complaints handling and mortgage processing, it said in a statement today. … Continue reading

India | Dhanlaxmi Bank | To cut more jobs

More pain of job loss awaits employees of Dhanlaxmi Bank. As the Kerala-based private bank moves ahead with business consolidation and rationalisation, more heads are expected to roll. Already, the staff strength of the Thrissur-headquartered bank has come down to a little over 4,200 from 4,600 in November last year, as more than 300 employees … Continue reading

Royal Bank of Scotland | Cuts 215 U.K. Jobs

Bloomberg: Royal Bank of Scotland Group Plc, Britain’s largest government-controlled lender, said it was cutting 215 U.K. jobs and moving the posts overseas. The cuts will fall on support staff at the bank’s finance division, mainly in Edinburgh and London, a spokesman said. The reductions are in addition to the 6,800 job losses announced since … Continue reading

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