The axeman cometh
It is nervous times at the RBS and ABN AMRO Australian and Asia-Pacific operations as the final touches to the merger of the two banks are being made. A number of divisions will be completely eliminated while others are amalgamated, with subsequent job losses. The project finance teams from the two banks will also suffer casualties but its believed that ABN's John Martin has been given the nod to head up the combined division. The full announcement of how the two banks will come together in Australia and the Asia-Pacific will be made by the end of this month.
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