Layoffs Watch ’14: RBS

The bank is set to relieve a whole bunch of employees of the need to come into the office (ever again).

Royal Bank of Scotland PLC is planning to cut hundreds of jobs in its U.S. trading businesses over the next few months as it seeks to slim down its operations to prepare for tough new U.S. regulations, according to people familiar with the matter. The cuts, which are set to take place over the next 18 months, could result in the loss of up to 400 jobs across the U.S. business, these people said. The bank, 80%-owned by the British government, is scaling back its trading operations at its Stamford, Conn., headquarters as part a wider push to cut costs and refocus on its home U.K. market.

RBS to Cut Hundreds of Jobs in U.S. Trading Businesses [WSJ]

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9 Responses to “Layoffs Watch ’14: RBS”

  1. UBS Downer Quant says:

    By 2018 there won't be a wall st left. NYC is going to look very different. Turn out the lights, the party's over….

  2. Wideclops says:

    Wait, there actually ARE 400 people left there to layoff?

  3. everything has a price…so why worry about spending money…it's alright when
    you are spending it on a great voyage… cheer up…!! And yes I even agree
    that it's even more worthy when less money is to be poured out….!! But
    huurraahh for the vacations because as for i am concerned i just love
    adventure and fun….!!!
    Thank You.