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RBS investment bank to see profit after revamp

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Mr McEwan said the investment bank has strengths in rates, foreign exchange and credit including debt capital markets, and isn't losing market share in the UK and west Europe. RBS will take 2-3 years to reduce the number of countries the division operates in to 13 or 14 from 37.

London

ROYAL Bank of Scotland Group chief executive officer Ross McEwan said the restructuring of the investment bank is "very well advanced" and it will return to profit within four years, as he continues to shrink the division's global operations to focus on UK and western European