View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
November 14, 2008

RBS to shed 3,000 jobs worldwide

By Spear's

Royal Bank of Scotland is to cut 3,000 jobs worldwide in the next few weeks as the impact of the credit crunch starts to bite.

Royal Bank of Scotland is to cut 3,000 jobs worldwide in the next few weeks as the impact of the credit crunch starts to bite.

According to a BBC report, the jobs will go at the company’s global banking and markets divisions, but its retail operations, including its NatWest bank subsidiary and Coutts & Co, will be unaffected.

RBS, which 170,000 staff globally, including 104,000 in Britain, would not confirm the cuts. However, earlier this month, RBS warned it faced more write-downs and rising bad debts this quarter, which could drag it to its first ever full-year loss this year.

For further details visit thewealthnet
 

Content from our partners
Finding a purpose for family wealth during uncertainty 
Porto Montenegro: Adriatic Elegance Tailored to You
Family office gold rush in Hong Kong

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network