The Royal Bank of Scotland reduced and restructured its fixed income division, cutting about 20 credit staffers in the U.S. and around eight in London. In the U.S., senior credit traders Robert Gaspar and Robert Flood left. In London, the departed included Sally Badie, flow credit hedge fund sales; Thomas Granger, flow credit sales to France; Paul Gordon Brown, head of sterling trading; Jonny Doyle, financials trader; and Nick Spence, corporate trader. [A number of firms have followed RBS in reducing their fixed income workforce. Most recently, UBS announced it would be cutting 10,000 staff and winding down its fixed income business.]
