RBS job cuts: the beginning of the end for retail structured products?

Royal Bank of Scotland

Severe job losses in the investment banking division of Royal Bank of Scotland (RBS) mean the former structured products giant has pulled out of distribution to retail investors.

The cuts, affecting roughly 2,000 RBS employees – including, but not limited to, those in the structured retail products and equity derivatives teams – will result in the bank's retail structured products activities being wound down globally. This is despite the fact that as recently as 12 months ago RBS was one of the

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