RBS Under U.K. Government Pressure to Shrink, Be Ready for Sale

RBS Under U.K. Government Pressure to Shrink, Be Ready for Sale

Chris Ratcliffe/Bloomberg

A logo sits on a wall outside the Royal Bank of Scotland Group Plc's (RBS) headquarters in London. RBS last year announced plans to cut about 3,800 jobs at the investment bank and sell or close its unprofitable cash equities, mergers advisory and equity-capital markets divisions.