RBS CEO: ‘No big’ job cuts

Ross McEwan, Royal Bank of Scotland Group Plc CEO, moved to reassure employees that there will be “no big announcement” on job cuts when the lender publishes the results of its strategic review next week. RBS will shrink by 30,000 as businesses including its U.S. bank and some British branches are spun off and jobs are cut, the Financial Times reported, citing people it didn’t identify. The jobs cited by the Times included 18,500 at RBS Citizens Financial Group Inc., its U.S. banking unit, which RBS plans to sell in an initial public offering this year.