Once more, with healing

27 Feb 2014 By George Hay

The UK bank is to slash 40 pct off its cost base and cut its investment bank. The new focus on higher capital and a simpler structure is welcome, but won’t fully kick in until 2018. That would be a downer even if investors hadn’t already been in restructuring mode for five years.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)