RBS hires Lazard on investment bank options - source

RBS hires Lazard on investment bank options - source
 

The sale could result in as many as 10,000 job cuts, according to a report on the FT's website on Wednesday.
RBS and Lazard declined to comment on the situation.
RBS, 83 percent owned by Britain after a government bailout during the 2008 credit crisis, had already announced last year cutbacks to its investment banking division and plans to axe more jobs at the unit.
It came under further pressure to rein in the business, known within RBS as "GBM" (Global Banking & Markets), in December when British Finance Minister George Osborne told RBS to make "further significant... read more

 
4 January 2012 in Business, Views: 19
Source: Reuters
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