Royal Bank of Scotland is expected to reveal plans to pull out of up to 20 countries this week as it unveils losses of as much as £8bn.
According to the Sunday Times, new chief executive Ross McEwan is set to launch a five-year cost saving programme, called Project Cook, which is expected to save the bank up to £3bn a year.
More: http://www.mortgagestrategy.co.uk/news-and-analysis/mortgages/rbs-to-pull-out-of-up-to-20-countries-and-set-to-post-8bn-loss/2007050.article