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Royal Bank of Scotland Group PLC To Cut 2,000 Roles In Markets Division-DJ

Thursday, 13 Jun 2013 02:45am EDT 

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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