RBS to Deepen Job Cuts at Investment Bank to Save $3 Billion

  • Bank seeking to cut unit's cost base from 3.6 billion pounds
  • RBS plans to reduce expenses exiting countries, upgrading IT

Royal Bank of Scotland Group Plc plans to deepen job cuts at its investment bank to help save about 2 billion-pounds ($3 billion) as part of Chief Executive Officer Ross McEwan’s plans to shrink the loss-making unit.

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