RBS risks losing out

RBS building

Royal Bank of Scotland CEO Ross McEwan risks losing some of the U.K. clients he wants to prioritize as a result of his global retreat, according to a study of the lender’s British customers.

Bloomberg News reports that executives at more than a quarter of companies said RBS’s plan to withdraw from corporate and institutional banking in 25 countries would affect their choice of banking partner, the survey of the bank’s customers by research firm East & Partners shows. About 36% of the 107 people questioned said it could possibly influence them.

McEwan, 58, is focusing Edinburgh-based RBS on U.K. consumer and commercial lending, exiting operations around the world to help overturn seven straight annual losses.

Hit the link below to access the complete Bloomberg News article:

RBS Risks Losing U.K. Clients in Global Retreat, Survey Shows

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