• 13 Jun 2013 at 12:09 PM

Layoffs Watch ’13: RBS

Stephen Hester is in good company.

Royal Bank of Scotland said on Thursday it would cut jobs in a restructuring of its investment bank, which a source familiar with the matter said would see about 2,000 jobs go. The part-nationalized British lender said it would focus its markets division on its core fixed income products and would exit all structured retail investor products and equity derivatives.

[Reuters]

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Comments (4)

  1. Posted by Robert E Diamond, Jr | June 13, 2013 at 12:44 PM

    I've seen this script before.

  2. Posted by Guest | June 13, 2013 at 2:51 PM

    There's even more savings if you hire a CEO then lay them off.

  3. Posted by John Thain | June 13, 2013 at 9:56 PM

    Hire me!

  4. Posted by Outlook Calendar | June 14, 2013 at 9:58 AM

    Recurring Reminder – Thursday @ 12:00 PM

    Post weekly RBS layoff watch