People: RBS strategic review alarms senior staff, say recruiters


Reports that Royal Bank of Scotland (RBS) is planning to cut thousands of jobs and further reduce its investment banking business have sparked alarm among even senior staff, recruiters say – with good reason. Shrinking headcount for investment banks means it can take longer to find new roles. 

The changes are part of a strategic review to be announced on February 27 – after Risk went to press – alongside RBS’s results for 2013. The review has been completed under new chief executive, Ross McEwan

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