Arab Today, arab today rbs shares gain on reports bank could axe 30000 jobs
Last Updated : GMT 09:36:11
Arab Today, arab today
Arab Today, arab today

RBS shares gain on reports bank could axe 30,000 jobs

Arab Today, arab today

Arab Today, arab today RBS shares gain on reports bank could axe 30,000 jobs

London - AFP

Shares in Royal Bank of Scotland gained on Friday as reports said the state-rescued bank will next week announce about 30,000 job cuts in a major cost-cutting exercise. RBS stock climbed 1.15 percent to 359.8 pence on London's benchmark FTSE 100 index, which was up 0.43 percent in early deals. Newspapers said the announcement of a jobs cull, which could total at least 30,000 according to the Financial Times following a shake-up of the lender's investment banking and international divisions, would be made alongside its annual earnings statement due on Thursday. Other reports said that tens of thousands of posts could go over the next five years. RBS, wich employs about 137,000 staff, declined to comment on the reports. RBS was rescued with £45.5 billion (55 billion euros, $75 billion) of British taxpayer cash at the height of the 2008 global financial crisis under the then-Labour government, making it the world's biggest-ever banking bailout. Former chief executive Stephen Hester earned the respect of the business community by axing 41,000 jobs, selling non-core assets and transforming the balance sheet at RBS, during his time at the helm. However Hester left RBS last year, reportedly at the request of Chancellor of the Exchequer George Osborne who wanted a new face to help guide Royal Bank of Scotland's return to private ownership. New Zealander Ross McEwan has since become chief executive of RBS, which is 81-percent owned by the British taxpayer.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today rbs shares gain on reports bank could axe 30000 jobs Arab Today, arab today rbs shares gain on reports bank could axe 30000 jobs

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday