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RBS to axe 100 jobs as part of investment bank revamp

RBS's reorganisation, codenamed "Project Brick", is part of the bank's attempts to simplify the structure of its corporate and institutional banking division to better serve its corporate and financial institutional customers.


ROYAL Bank of Scotland Group plc (RBS), Britain's largest taxpayer-owned bank, will eliminate about 100 jobs as part of an overhaul of its investment bank, according to two people with knowledge of the matter.

The departures include senior figures such as Richard Bartlett,...