RBS retains structured products in restructure
Royal Bank of Scotland retains its investor products and equity derivatives businesses in its latest restructuring, but ditches cash equities, corporate broking, equity capital markets and mergers and acquisitions. Richard Jory reports
Structured products and equity derivatives will fit within the Markets business at Royal Bank of Scotland (RBS) following the restructuring announced on January 12. Markets and International Banking are the two components of the new wholesale banking division under the leadership of John Hourican. "We're keeping [structured products] within the Markets business because it is performing well and we consider it a core business," says an RBS spokesperson.
The bank says it will either sell or close
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