Thursday, January 12, 2012

Do you know who owns your bank, it ain't Mr. Potter

Royal Bank of Scotland PLC, the parent company of Citizens Bank, has unveiled a restructuring plan that includes shaving 3,500 jobs over a three-year period, the Wall Street Journal reports.
RBS said the move is in response to changed market and regulatory challenges, the Journal reports. The financial services giant is positioning the restructuring as part of a strategy it announced in 2009. The Associated Press reports that the cuts will largely affect employees in RBS' Global Banking and Markets division, which offers advice on mergers and acquisitions.

................or do you even care who owns your bank?

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