RBS axes up to 60 jobs in rates and forex

A spokesman confirmed that jobs had been eliminated, but declined to say how many. “We keep the structure of our businesses under constant review to ensure that we are well placed to meet the rapidly changing global banking needs of our customers," he said in a statement emailed to RiskNews. "Global banking and markets has grown dramatically in the past five years and now employs over 7,000 people worldwide. As a result of our ongoing review, changes will be made to a small number of jobs and for those affected we will seek to find alternative suitable employment within the organisation,” the statement added.

Industry participants speculated that one reason for the redundancies is that RBS over-hired last year. As a result, the bank has been forced to cut back some of its underperformers, as well as offer some veteran rates and forex professionals early retirement packages.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here