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RBS to cut hundreds of US jobs ahead of new Fed rules

RBS to cut hundreds of U.S. jobs as its mortgage-trading business will shrink by two-thirds. ...

UK insurer Direct Line plans to cut 2,000 jobs

Put on the block by RBS, leading British motor and home insurer Direct Line Group hopes to cut annual costs by more than US$308m by eliminating 2,000 posts, mostly at its head office and across the group’s support functions ...

British banks eliminate 189,000 jobs globally

RBS, HSBC, Lloyds and Barclays lead job cuts across global operations as jobless rate hits lowest rate since 2004, while Asian-focused banks buck the trend ...