RBS to slash jobs

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One minute banks are going broke and being bailed out by the taxpayer, then they are flush with cash paying bosses six figure bonuses, finally they nearly go broke again, and decide to ace around 2,300 jobs…whats it with the banks!?

RBS to slash jobs

Royal Bank of Scotland Group Plc, the biggest U.K. government-controlled bank, said it plans to cut as many as 2,300 British jobs as the company’s former chief apologized to lawmakers for the bank’s decline.

The reductions are equivalent to about 2 percent of the U.K. workforce, RBS said in a statement today. The cuts won’t affect employees dealing with customers, the bank said.