Up to 10,000 RBS jobs could go claims FT

The Financial Times (FT) is reporting the state owned Royal Bank of Scotland (RBS) could be on the verge of slashing 10,000 jobs from its investment banking division.

The Financial Times (FT) is reporting the state owned Royal Bank of Scotland (RBS) could be on the verge of slashing 10,000 jobs from its investment banking division.

The suggestion comes following government pressure for the bank, which had to be rescued with £45bn of tax payers' money, to reduce its riskier activities.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.