The Royal Bank of Scotland Group plc (RBS) reportedly failed to find a buyer for its mergers and acquisitions business and will now wind down the unit. RBS made most of its 40 or so M&A bankers redundant at the end of last year, two people close to the situation said, after attempts to spin off the unit failed amid one of the worst markets for deal making in decades.
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- RBS Reportedly Fails To Find Buyer For M&A Unit