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10 Feb
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Posted by mbank
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Royal bank of scotland may cut 300 jobs
Bloomberg reported that Royal Bank of Scotland (NYSE:RBS) may cut up to 300 jobs in its capital markets and cash equities units after it failed to find a buyer for the business. The Edinburgh-based bank said in the statement.”Having to cut jobs is the most difficult part of our work to rebuild RBS. After careful assessment of the various approaches made by interested parties, we have decided to start winding down parts of our EMEA Equity Capital Markets and cash equities businesses, and certain associated activities globally.” Royal Bank of Scotland is currently above its 50-day moving average (MA) of $7.27 and should find resistance at its 200-day MA of $9.22….
