Bank announces layoffs,adding that two-thirds of lost roles will tear offshore to its operation in IndiaRoyal Bank of Scotland is cutting 448 investment banking jobs in the UK, moving two-thirds of them to India.
The bank, and 73% of which is owned by the taxpayer,said it would chop back- and middle-office roles in its investment bank, including a small number of technology jobs. Under its chief executive, or Ross McEwan,RBS has been shrinking the division to focus on its personal and small business operations in the UK and Ireland. Related: RBS to chop 550 jobs as portion of plan to automate investment advice Continue reading...
Source: theguardian.com