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RBS plans to scale back its investment bank: sources

RBS is expected to announce on Thursday that it will significantly cut down its operations in Asia leaving about 200 staff in the region, down from 2,800 at the end of last year.

Hong Kong

ROYAL Bank of Scotland will hand restructuring chief Rory Cullinan the task of overseeing another major scaling back of its investment bank, sources told Reuters, allowing it to focus on lending to British households and businesses.

Mr Cullinan will take over