RBS is cutting 14,000 investment banking jobs
LIANNA BRINDED
BusinessInsider.com
MAR. 4, 2015
“RBS has been a bruising place to work … and that doesn’t sit well with me,” the Royal Bank of Scotland CEO McEwan said on Thursday. “We will work hard to make [RBS] a much better place for our people.”
McEwan mentioned on a conference call last week that there would be “substantial job losses” and that “we haven’t got a number out there because we’ve got a lot of consultation to do with our people.”
Little did his staff know that this meant about three out of four people working in the investment banking part of the bank would be out of a job.
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