RBS retains structured products in restructure

Trimming the fat


Structured products and equity derivatives will fit within the Markets business at Royal Bank of Scotland (RBS) following the restructuring announced on January 12. Markets and International Banking are the two components of the new wholesale banking division under the leadership of John Hourican. "We're keeping [structured products] within the Markets business because it is performing well and we consider it a core business," says an RBS spokesperson.

The bank says it will either sell or close

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