24th Feb 2015 13:55
LONDON (Alliance News) - Royal Bank of Scotland Group PLC will ask the chief executive of its Capital Resolution Group to oversee another major restructuring of its investment bank, which will involve shrinking down the business and exiting Asia, Reuters reported on Tuesday.
According to the report, which cited three sources, the changes will see Corporate & Institutional Banking Executive Chairman Donald Workman hand responsibility for running the investment bank to Cullinan.
http://uk.reuters.com/article/2015/02/24/uk-rbs-restructuring-exclusive-idUKKBN0LS16720150224
RBS shares were up 0.9% at 402.40 pence on Tuesday.
By Samuel Agini; [email protected]; @samuelagini
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