Royal Bank of Scotland Group Plc is exiting its corporate loans and debt capital markets business in the Middle East and Africa. The move is part of chief executive officer Ross McEwan's decision last February to make RBS a smaller, more focused bank. McEwan has been cutting back investment-banking operations and focusing on domestic customers to reverse six straight years of losses.
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- Royal Bank of Scotland Group Plc Exits its Corporate Loans and Debt Capital Markets Business in the Middle East and Africa