Announces losses of 30 billion pounds

RBS Plans Up to 20,000 Job Cuts, Sales on 30 Billion-Pound Loss

By News on the Net —— Bio and Archives--February 15, 2009

American Politics, News | Comments | Back To Full Article

Feb. 15 (Bloomberg) -- Royal Bank of Scotland Group Plc, the biggest U.K. government-controlled bank, plans to cut as many as 20,000 jobs and pull out of several emerging markets as it announces losses of 30 billion pounds ($43.1 billion) next week, the Sunday Times reported, without saying where it got the information.

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