'A drastic shrinking of its investment banking operations'.
Royal Bank of Scotland is exploring options for the sale or wind-down of its corporate and institutional banking operations in central and eastern Europe, the Middle East and Africa (CEEMEA), a spokeswoman for the bank said on Monday.
Reuters reports that under a drastic shrinking of its investment banking operations, RBS said last month it will pull out of 25 countries, while substantially cutting its presence in Asia and the United States within its corporate and institutional banking business.
The bank was considering selling or winding down operations in the Czech Republic,Russia, the Middle East and Africa, Kazakhstan, Turkey and Poland, a source familiar with the matter told Reuters. The bank will exit Romania and Slovakia, the source said.
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