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?