Royal Bank of Scotland is reportedly to shrink its investment banking and international operations and lay off up to a quarter of its workers.
Sources have told news organisations that the part-nationalised bank has given in to demands from British politicians that it focus on lending to households and businesses in the UK.
The price for that will be 30,000 people losing their jobs, though that total does include previously announced cuts of 23,000 as it sells its US retail business Citizens...
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