Monday, February 23, 2009

RBS prepares to unveil global downsizing plan - MarketWatch

Thursday's announcement may include plans to cut $1.44 billion of costs

By MarketWatch
Last update: 1:51 a.m. EST Feb. 23, 2009
HONG KONG (MarketWatch) -- Royal Bank of Scotland on Thursday is to unveil a revamping that will include cutting jobs, withdrawing from businesses, and exiting about half the 60 countries in which it currently operates, media reports say.

http://www.marketwatch.com/news/story/story.aspx?guid=%7B67C332E8%2DD6AC%2D42E1%2DB800%2D8C9CE5F62495%7D&siteid=YAHOOB

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