Ostensibly, RBS?s shriveling markets and international banking business doesn?t look like a great bet for anyone planning a glittering career in banking. In the past three years, RBS has cut more than 8,000 jobs from its investment bank, pulled out of entire business areas (equities, M&A), and seen its investment banking operating profits decline by 89%. It won?t be able to pay bonuses in excess of 100% of salaries from now on. And it?s in the process of a serious strategic review which could see its investment bank trimmed back even further.
This article was published in Efinancialcareers, 2nd May 2014