RBS Said to Plan Job Cuts Amid Expense Reductions

The transcript discusses the impact of digitalization on the banking workforce, particularly in retail banking, and the challenges faced by the Bank of Scotland in improving profitability and restructuring. It highlights the bank's transition from a global institution to focusing on the UK and Ireland. The future of RBS is explored, with comparisons to Deutsche Bank, and the challenges of selling stakes and resolving EU competition issues are noted.

What is the expected timeline for selling any further stake in the bank?

What does the speaker suggest is necessary for the Bank of Scotland to progress?