March 20 (Bloomberg) -- 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.
The U.K. lender will today begin closing the cash equities, equity capital markets and corporate finance units in Korea, as well as the cash equities operations in Indonesia and Singapore, Yuk Min Hui, a spokeswoman for RBS in Hong Kong, said in an e- mailed response to queries. About 70 people will be affected. Full story
Related:
Royal Bank of Scotland Shutting Down Departments in Asia - Financial News Network Online
RBS shutting down some Asian units, 70 people hit - Reuters
