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Royal Bank of Scotland (RBS Quote) plans to cut about 3,000 jobs in the next few weeks, the BBC reports.
The positions will be cut in the company's global banking and markets work force, spanning more than 50 countries, according to the report. The bank's High Street operations and those of subsidiary NatWest aren't expected to be affected.
RBS, which predicts its first annual loss this year, hopes to raise 20 billion pounds as part of the U.K. government's bailout plan. ...
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