RBS to split investment banking arm

RBS
RBS

Royal Bank of Scotland is reportedly planning to break up its investment banking arm as it prepares to be hit with an expected £500 million in fines for its part in the Libor scandal.


It is understood the taxpayer-backed lender is poised to announce a shake-up that will see its markets business split from its international banking division and pave the way for investment banking boss John Hourican to leave.
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