![Risk.net](https://www.risk.net/sites/default/files/styles/print_logo/public/2018-09/print-logo.png?itok=1TpHrpuP)
People: Citi and RBS to cut 5,700 in investment banking
Investment banking cuts continue at RBS - but Fulford gets global structuring role; Segreti takes new post at Barclays; Le Brusq leaves BNP Paribas; Nomura hires three in structured credit; FXall's Weisberg to head up forex at Thomson Reuters
![ralph-segreti ralph-segreti](/sites/default/files/styles/landscape_750_463/public/import/IMG/671/242671/ralph-segreti-580x358.jpg.webp?itok=_i-UUj6D)
Citi and Royal Bank of Scotland (RBS) have announced plans to cut a combined 5,700 jobs in their respective investment banking divisions.
RBS will cut 3,800 jobs from its markets and international banking division, an increase from the planned cut of 3,500 that was made public in January 2012. The bank has already lost 34,000 staff since it became majority owned by the UK government in 2008, and is still struggling to divest itself of unprofitable business lines.
David Lake, head of UK sales for
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@risk.net
More on People
People: new leader for LCH, Pham lands CFTC top job, and more
Latest job changes across the industry
Calpers adds machine learning specialist Simonian
Champion of using AI and game theory in investing risk management joins US public fund
People: All shook up at the SEC, Krens succeeds Litvack at Isda, and more
Latest job changes across the industry
Girolami to leave LCH for NatWest
Clearing house CEO named CIB head for UK lender
People: SocGen and Nomura spot slew of FX hires, RepoClear gets new head, and more
Latest job changes across the industry
People: All fall in at Citi, TD turbulence, and more
Latest job changes across the industry
Asia moves: senior hires at Citi, BNP Paribas, and more
Latest job news from across the industry
People: Masters moves into FNZ, Two Sigma founders step back, and more
Latest job changes across the industry