RBS CFO Says Inevitable There Will Be Further Job Cuts

The transcript covers a discussion with a CFO about inevitable job cuts due to technology investments and restructuring costs, including property disposals and Brexit planning. The conversation also touches on branch closures, Brexit contingency plans, and the impact on workforce relocation. Additionally, the CFO discusses the ongoing DOJ probe, financial provisions, and the conditions for reinstating dividends.

What is one of the main reasons for the inevitable job cuts mentioned in the first section?

• Investment in new technology

• Increased competition in the market

• Rising operational costs

• Decline in customer base

What is a key focus of the bank's Brexit contingency plans?

• Reducing the number of branches in the UK

• Setting up a subsidiary in Amsterdam

• Increasing investments in Northern Ireland

• Expanding operations in the US

How does the bank plan to handle the movement of employees in the event of no transitional Brexit deal?

• Outsource jobs to other countries

• Hire new employees locally

• Transfer employees in stages

• Move all employees at once

What is the bank's strategy for dealing with the uncertainty of the DOJ RMBS probe settlement?

• Increasing customer fees

• Expanding into new markets

• Building up capital buffers

• Reducing operational costs

What is a condition for the reinstatement of the bank's dividend?

• Completion of the DOJ RMBS probe settlement

• Increase in the bank's market share

• Expansion of the branch network

• Reduction in the number of job cuts