Monday, April 1, 2013

Jobs under threat at top firm

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...

Wait...wait...there's more at

No comments:

Post a Comment