Der Finanzprodukt Blog

CNBC: „RBS also announced plans to exit all structured retail investor products and equity derivatives to focus on core fixed income on Thursday. The bank said the move will result in job losses, with Reuters reporting that as many as 2,000 employees will be let go.“

Bloomberg: „Royal Bank of Scotland said on Thursday it would cut jobs in a restructuring of its investment bank, which a source familiar with the matter said
would see about  2,000 jobs go. The part-nationalised British lender said it would focus its markets division on its core fixed income products and would exit all structured retail investor products and equity derivatives.

Fondsprofessionel: Die Mitarbeiter in Frankfurt erfuhren aus der Presse von der geplanten Abwicklung ihres Geschäftsbereiches. Das Zertifikategeschäft sei unter dem Strich profitabel

Miror: RBS chief Stephen Hester to leave with £5.6m pay-off while staff face more cuts

Wallstreet-Journal: „RBS: ‘We’re a Global Flow Powerhouse’

• We plan to exit all structured retail investor products and equity derivatives, as well as peripheral market-making activities

• The businesses we plan to exit will be moved into a run-off organisation managed within Markets, where they will be divested through a combination of restructuring, asset sales and business sales where possible.  In all instances, we will remain committed to delivering on our existing obligations to customers.

• Our business will be simpler and more efficient, reducing the complex procedures that generate operational and conduct risk“

Handelszeitung.ch: „Das bestehende Zertifikategeschäft läuft weiter», beschwichtigt zwar RBS-Sprecherin Christine Kortyka auf Anfrage“

Businessweek: „We will de-emphasise some of the more complex structured products that are capital intensive or costly to run,” Peter Nielsen and Suneel Kamlani, co-CEOs of RBS’s markets business, said in a statement“

Finanzprodukt.ch: In der Schweiz hat die RBS derzeit 1’568 Produkte am Markt: 1050 Mini Futures, 16 Faktor-Zertifikate, 425 Tracker (davon viele mit Endlos-Laufzeit), 3 Bonus-Zertifikate, 12 Barrier Reverse Convertibles und 50 Kapitalschutzprodukte.
In Deutschland sind es rund 45’000 Produkte.

Rumour: (Downing Street/Payoff) Royal Bank of Canada als Käufer im Gespräch