RBS shrinks investment banking, 4000 jobs could go

Royal Bank of Scotland, the 83% state-owned lender, may be on the verge of shedding between 3,000 and 4,000 jobs, reports Reuters.

Royal Bank of Scotland, the 83% state-owned lender, may be on the verge of shedding between 3,000 and 4,000 jobs, reports Reuters.

The firm has come under increasing pressure from the coalition government to reduce its riskier investment banking activities in its Global Banking and Markets (GBM) division.

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