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Layoffs Watch '09: A Dissenting View

RE: yesterday's post, from a "former senior insider":

I can assure you that as of today, the New York's RBS Lev Fin in New York has not been fired or eliminated. Instead, the top talents at RBS Lev Fin have been retained and redeployed into a few new groups that will be announced shortly. These groups will continue to harness the many talented senior bankers as well as their experienced junior staff in areas where RBS has been well-known, especially on their debt product / distressed debt advisory side along with their reputable TMT group (which advised on Clear Channel, Alltel, Univision, Hertz buyouts).