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FINANCIAL SERVICES | Staff Reporter, Singapore

RBS closes cash equities operations in Singapore

Other Asian units affected are those in South Korea and Indonesia.

A Bloomberg report said, “Royal Bank of Scotland Group Plc, Britain’s biggest state-owned lender, will shut some operations in South Korea, Indonesia and Singapore after failing to find a buyer for the businesses."

About 70 people will be affected, according to the report.

View the report here.

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