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RBS makes heavy cuts in Asia equities division

Joe Marsh
The bank has made major lay-offs in institutional and retail equity sales and structuring in the region, amid whispers it plans to shut its equities and corporate finance units globally.
RBS makes heavy cuts in Asia equities division

Amid reports that the UK’s RBS will cut 4,000 staff in investment banking globally, the equities division in Asia is seeing deep cuts across Hong Kong, Japan and Singapore, including a raft of institutional salespeople and structurers.

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