The Royal Bank of Scotland (RBS) has said it will cut a further 3,500 jobs, with most of them to happen this year. The cuts are part of a reorganisation and shrinkage of its investment bank.
The losses, which will be split between its UK and international offices, come on top of 2,000 cuts announced earlier.
Its "wholesale banking" business, which provides services to large clients including investment banking services, will be split into separate "markets" and "international banking" divisions.
Some 950 jobs are to go at Irish subsidiary Ulster Bank, split between 350 in Northern Ireland and 600 in the Irish Republic... read more
BBC Business News
Jan 12
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