RBS cuts extend to ABS

By Matthew Scully
27 Jun 2014

Two senior ABS bankers have left Royal Bank of Scotland's US headquarters in Connecticut, one month after the bank announced a strategic “repositioning” that may affect as many as 400 of its US staff.

RBS last month announced plans to wind down the bank’s asset-backed trading operations. The business will reduce in size by nearly two thirds over the next two years.

Cuts affecting the bank’s asset-backed trading sales are starting at the top. Jeffrey Dimodica, head of US asset-backed product ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial