Thu, 12 Jan 2012 15:38:56 GMT
RBS to eliminate 3500 jobs
Royal Bank of Scotland Group Plc prepares to cut about 3500 jobs in the upcoming three years as it quits unprofitable mergers advisory and cash equities operations. RBS also is planning to close or sell units linked to capital market and corporate broking operations. Bank is turning focus to customer service and more conservative funding, said its CEO Stephen Hester.