RBS Said to Dismiss Most of Team Overseeing Central Europe Debt - Bloomberg:
"Royal Bank of Scotland Group Plc dismissed most of its team overseeing debt capital markets in central and eastern Europe, Middle East and Africa amid a review of operations outside the U.K., according to two people with knowledge of the matter.
The bank cut about 10 jobs at the London-based unit covering loans, bonds and rates, said the people, who asked not to be identified because they’re not authorized to talk publicly. Dismissals are mainly related to Russia and central and eastern Europe, according to one of the people.
RBS Chief Executive Officer Ross McEwan, 57, has set up a bad bank, combined divisions and scaled back the securities unit as he strives to restore investor confidence in the wake of fines such as for rigging benchmark interest rates. The company, which is 80 percent owned by the British government, said last month it’s considering selling the international arm of its Coutts private bank to focus on wealthy U.K. clients."
'via Blog this'
No comments:
Post a Comment