It's not known how many staff will be impacted.
Royal Bank of Scotland is closing most of its European debt restructuring business outside the U.K. as the firm winds down its global restructuring group, according to two people familiar with the matter.
James Abbott, a spokesman for RBS in London, declined to comment on the closures and the number of employees affected.
RBS is disbanding its restructuring operations as it disposes of unwanted assets and focuses on its U.K. business after receiving the world’s biggest bank bailout during the financial crisis. The global restructuring group came under the scrutiny of U.K. lawmakers last year after a government-commissioned report accused the bank of deliberately pushing viable companies into bankruptcy to boost profits.
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