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RBS plans to scale back its investment bank: sources

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Published Wed, Feb 25, 2015 · 09:50 PM

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    ROYAL Bank of Scotland will hand restructuring chief Rory Cullinan the task of overseeing another major scaling back of its investment bank, sources told Reuters, allowing it to focus on lending to British households and businesses.

    Mr Cullinan will take over responsibility for RBS's investment bank from Donald Workman, currently executive chairman for corporate and institutional banking, the sources said.

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