Unveiling RBS Plan to Cut Jobs

The Royal Bank of Scotland or known as RBS will go and cut for about 2,000 jobs in its investment. This was announced just after the shocking departure of the chief executive. The details of the job cuts were still under a discussion and whether they will really cut 2,000 jobs or maybe lesser than that is still unknown at the moment. This decision of cutting jobs however will certainly reduce the headcount in each division of the bank almost reaching 20%. Along in the line with it, there are the risk-weighted assets that are held by the bank.

For the time being, RBS employs for over 11,000 employees in its operational market and investment and with the plan of job cuts, the company will be ready to work with only about 9,000 employees left. The job cuts itself will be done not only in the City but will also be done in RBS branches throughout the world including in Asia and the other international operational points. The job cuts are actually a proof how RBS is still in the process of finding its best shape after the news of being left by their chief executive. It is still trying to recover the health of its investment.

Bankruptcy Prevention

Nowadays, various kinds of debt can be found easily and of course people can see that credit card becomes kind of financial support which is used widely by many people. Many people have to face problem with their credit card payment which can be really overwhelming. If you think that you have this kind of problem, you can assure that you are not alone in this situation. Maybe people will consider about bankruptcy announcement but it must be the latest decision which can be prevented.

People must not wait until tomorrow for repairing their credit card use so they do not have to get involved with overwhelming payment which can lead them to bankruptcy. People should really change their credit card use to healthier behavior. This change can be started by getting the help from agency which is specialized for credit counseling. The agency will help people to find solution with their credit card problem. Many people use credit card without having certain usage plan and this can bring uncontrolled use of the credit card. That is why people need to make management plan about their debt for making it under control.

Nevertheless, people of course realize that the best way for preventing problem of the credit card use is by avoiding the purchase which is using credit card.

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