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RBS to cut 3,500 jobs in shake-up

The Royal Bank of Scotland has said it is planning to cut 3,500 jobs, with most of them going this year.

The cuts are part of a reorganisation and shrinkage of its investment bank.

The losses, which will be split between its UK and international offices, come on top of 2,000 cuts announced earlier.

Hugh Pym reports.

  • 12 Jan 2012