This is a bit old, but here it goes anyway - Rory Cullinan's CIB division continues to bleed money and radical steps will be needed. When it's all said and done there will be very little investment banking action at RBS, you can rest assured here. The plan is to nix 14,000 positions and that effectively means there will be no investment banking any more. If you are in the States, you might be a bit more lucky, but everyone else should fear layoffs as early as April.
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Good luck to all!