RBS moves levfin team, DCM job losses expected

RBS for GC web
By Jon Hay, Owen Sanderson
05 Nov 2015

Royal Bank of Scotland has moved its leveraged finance and high yield origination and structuring team out of its investment bank and into its Commercial and Private Banking division, where it will fall inside the ringfence when RBS implements the controversial UK bank segregation rules.

According to two sources with knowledge of the situation, severe job cuts are expected in the corporate DCM and financing section of RBS, which is still in Corporate and Investment Banking. Around 100 cuts were expected across debt capital markets and solutions, which are likely to fall roughly ...

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