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Headcount reductions are likely for front, middle and back office staffs as the bank exits key trading businesses in the U.S.
The Royal Bank of Scotland Group (RBS) will be pulling out of key trading businesses in the U.S. over the coming 12 to 18 months, and anticipates reducing headcounts likely to come from front, middle and back office staffs as a result of a major shift in strategy, says a source familiar with the situation....
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