Some of the City's top banks have pledged to avoid cutting legal staff in the wake of the current credit turmoil, despite mounting pressure on commercial jobs in the structured finance arena. Royal Bank of Scotland (RBS) deputy general counsel Chris Campbell said that the state of the market would have "categorically no effect" on RBS's legal team, despite the bank last week announcing that it is to scale back its collateralised debt obligations team.
September 05, 2007 at 10:33 PM
1 minute read
The original version of this story was published on Legalweek
Royal Bank of Scotland among top City banks promising to retain full legal teams despite ongoing credit turmoil
Some of the City’s top banks have pledged to avoid cutting legal staff in the wake of the current credit turmoil, despite mounting pressure on commercial jobs in the structured finance arena.
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