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Bloomberg

RBS Cuts 300 Bankers After Failing to Find Cash Equities Buyer

February 10, 2012, 5:26 PM EST

By Gavin Finch

Feb. 10 (Bloomberg) -- Royal Bank of Scotland Group Plc, Britain’s biggest state-owned lender, this morning cut as many as 300 employees in its equity capital markets and cash equities units after failing to find a buyer for the businesses.

To contact the reporter on this story: Gavin Finch in London at gfinch@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net

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