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RBS to slash 3,000 jobs, reports say

Royal Bank of Scotland is reported to be axing up to 3,000 staff across its worldwide operations as the as global recession intensifies in the financial services sector.

The UK bank, which is raising as much as £20bn from the British government to prop up its balance sheets, is speculated to be cutting positions in its global banking and markets work force in an effort to survive the economic downturn.

RBS has around 170,000 staff worldwide, of which approximately 100,000 are in Britain.


Building bridges

It is no exaggeration to say that the seismic shocks of the last two months have pushed the public’s trust in financial institutions to the limit. But the economic crisis also presents advisers with the opportunity to actually build the trust of their clients.

New property sector for funds

The Investment Management Association and the Performance Category Review Committee are to launch a new property sector, covering both direct and securities funds. The sector will come into force on January 1.

How we were forced out of business

Our business began in 1982 as a mortgage arranger. We decided to become an IFA to offer independent advice to our clients on mortgages, life, investment and pension products.


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