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Focus: A shadow of former self, RBS investment bank starts comeback

Reuters  |  LONDON 

By Emma Rumney and Abhinav RamnarayanLONDON (Reuters) - After a decade of deep cuts to rein in a division that nearly bankrupted its parent, Royal Bank of Scotland's investment bank is attracting new business once again, according to executives and a review of industry data. The investment banking division, NatWest Markets, helped propel RBS's meteoric rise from a small Scottish lender to a behemoth with assets outstripping British GDP in 2008, almost derailing the economy when it emerged much of them were toxic. Since then the unit has slashed its product lines from 28 to three: ...

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First Published: Wed, March 14 2018. 16:53 IST