Another shake-up at RBS

Royal Bank of Scotland makes cuts in its Asian equity derivatives business, and restructures its investment product sales and trading operations.

Another shake-up at RBS

Several redundancies have been made by Royal Bank of Scotland RBS in its equity derivatives and fixed-income, currency and commodities FICC divisions across Asia during the past few days. Internal memos have revealed the extent of the cut-backs, which are aligned to the UK bank’s new strategic focus that was announced at the beginning of this year.

RBS said in a statement on January 12 that its priority was to focus on its core...

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