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Royal Bank of Scotland cuts jobs in investment banking division (NYSE:RBS)

Royal Bank of Scotland (NYSE:RBS) axes around 130 jobs in its loss-making investment banking division, NatWest Markets.

“Where restructurings proceed, we will seek to mitigate impacts for employees and customers, which will include delaying exits and continuing to pay employees, in certain cases, until 30 September 2020,” a spokeswoman for NWM said.

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