Royal Bank of Scotland could be about to cut many more jobs
to further shrink its investment banking division in response to the new
pressure on its balance sheet.
RBS is reported to be planning the cuts in an effort to meet
the new capital surplus target set by the Bank of England's Financial Policy
Committee (FPC). Its shares fell sharply
last week after the FPC said banks would be forced to take action to bolster
their capital reserves to guard against future financial crises. The largely
taxpayer-owned bank has already nearly halved its investment bank balance sheet
to £284 billion, from more than £500bn in 2008...
No comments:
Post a Comment