Structured products and equity derivatives will fit within the 'markets' business at Royal Bank of Scotland (RBS) following the bank's restructuring announced this morning. Markets and international banking are the two components of a new wholesale banking division led by John Hourican.
"We're keeping [structured products] within the markets business because it is performing well and we consider it a core business," says a spokesman.
RBS says it will either sell or close cash equities, corporate
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