RBS Looking to Cut Costs, Eliminate Jobs, Close Branches

The transcript discusses the Royal Bank of Scotland's (RBS) potential job cuts and cost reduction strategies, as reported by The Sunday Times. Despite RBS's pushback on the reported figures, job cuts are expected. The bank's financial strategy aims to lower its cost base, impacting shares positively. RBS faces legacy issues, including government stake and litigation, delaying profitability. The bank's restructuring is compared to competitors like Lloyds and Barclays, highlighting industry-wide changes due to digital banking trends.

What legacy issues does the Royal Bank of Scotland need to address according to the Chancellor?

How does the Royal Bank of Scotland's restructuring compare to its competitors?