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Global lenders have had a rough H1 2016 thus far, with many big names embarking on lean budgets and sweeping initiatives in a bid to help restore profitability to what has largely become a lagging sector. The Royal Bank of Scotland (RBS) has joined the ranks of Deutsche Bank, Barclays, and Standard Chartered as the latest bank to gut parts of its UK workforce, estimated at 900 cuts, per a recent Reuters report.
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The narrative surrounding banks has been one ... (read more)