BREAKING: RBS Coutts Staffs in Mass Resignation

story from financial times:
RBS Coutts, the international arm of the UK private bank, is scrambling to rebuild its flagship Singapore office after the mass resignation of one-third of its staff in the city-state.
The surprise departures include about 20 key managers, as well as 50 or so support staff, some of whom built up lucrative private [...]

RBS to split & sell Asian arm

LONDON – THE Royal Bank of Scotland is poised to break up its Asian business after its attempted auction hit problems, the Sunday Times reported.
The newspaper said a string of regulatory hurdles had emerged in recent weeks, derailing efforts to package the bank’s operations across China, India and southeast Asia into one saleable business.
Australia and [...]

RBS cuts 9,000 jobs worldwide

Royal Bank of Scotland is cutting up to 9,000 jobs worldwide in areas such as technology and call centres in what is the biggest single job cull at a bank this year.
The bank, which is majority owned by the UK government after being brought to its knees by the credit crunch, has already cut 2,700 [...]

Singapore RBS to sell retail banking, 660 jobs at stake

ROYAL Bank of Scotland is putting up for sale the retail and commercial banking operations in Singapore, which it bought from Dutch lender ABN Amro last year.
About 660 jobs will be affected if the sale comes through. RBS currently has 2,368 staff in Singapore.
It arrived at the decision after a strategic study of its operations [...]

RBS planning exit from Singapore and 35 other countries

* RBS to exit 36 of 54 countries over next five years
* HSBC, StanChart, ANZ interested in Asia assets -sources
* India seen as prized asset, may be worth $700 mln
* Parts of U.S. bank Charter One on block
(For more Reuters Dealtalks, click [DEALTALK/]
By Steve Slater and Victoria Howley
LONDON, March 6 (Reuters) – Royal Bank of [...]

Jobs in jeopardy as RBS plans Asian exit

Royal Bank of Scotland employees in Asia are facing an uncertain future as the bank begins the groundwork to sell some or all of its operations in the region. The firm wants out of Asia and has hired Morgan Stanley to explore the potential sale of its banking units, according to the Financial Times.
For thousands [...]

RBS may sell Asian assets

JUST months ago, the green and yellow logo of ABN Amro was replaced by the blue and white colours of the Royal Bank of Scotland (RBS), but Singapore customers may soon have to get used to another new look.
According to reports from London yesterday, embattled RBS is looking to sell its Asian units, mainly assets [...]

British bank RBS slashes bonuses by over 90%

LONDON : Britain’s partly-nationalised Royal Bank of Scotland is to slash staff bonuses by over 90 percent this year, it said Tuesday amid growing public anger about banking-sector pay.
The news came shortly after finance minister Alistair Darling told Sky News that the bank, majority owned by the government, would cut bonuses to the “absolute legal [...]

RBS plans on hold in Singapore

SINGAPORE – THE Royal Bank of Scotland (RBS) is reviewing its expansion plans in Singapore and may put on hold its plans to open two more branches and hire 25 per cent more front-line staff, a local newspaper reported on Thursday.
RBS received a licence from Singapore’s central bank to enter the retail banking market in [...]