'The business has fundamentally changed and is not reflected in people stacks'.
Royal Bank of Scotland has lost at least six senior debt traders and salesmen in the past month to rival firms as the British lender shrinks its investment bank and faces political pressure to reduce bonuses.
A final decision hasn’t yet been made.
How best to simplify the bank's sprawling operations and which of its businesses it 'should focus on and invest in'.
'The industry is looking at a golden decade'.
Investment banks in Moscow led by VTB Capital, Sberbank CIB and JPMorgan endured a 67% slide in fees so far this year as the Ukraine crisis brought threats of stiffer U.S. and European sanctions.
The U.S. stock market enjoys a reputation as the most efficient place to match up companies with new investors. But recently, Europe is giving the Americans a run for their money.
Barclays, one of the world’s biggest commodities traders, is planning to exit large parts of its metals, agricultural and energy business in a move expected to be announced this week.
Barclays has announced a reshuffle of the senior management of its investment banking arm as the lender prepares to update investors next month on its plans for the business.
Deeper cuts needed over the coming months.