Provider: Zacks Investment Research Inc.
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Royal Bank of Scotland Group PLC To Cut 2,000 Roles In Markets Division-DJ
Dow Jones reported that Royal Bank of Scotland Group PLC is planning to cut 2,000 jobs as part of its drive to reduce the size of its investment bank, a person familiar with the matter said. The move to cut 20% of staff in its Markets division follows sustained pressure on the state-controlled U.K. bank to refocus on its domestic market. The job cuts should be largely made over the next 18 months, this person said.
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