RBS (RBS) Slumps on CEO Exit, Plans to Cut 2,000 Jobs

Go back to RBS (RBS) Slumps on CEO Exit, Plans to Cut 2,000 Jobs

Stephen Hester to Step Down as CEO of RBS (RBS) Later in FY13

June 12, 2013 12:13 PM EDT

(Updated - June 12, 2013 12:28 PM EDT)

The Royal Bank of Scotland Group plc (NYSE: RBS) is at session lows following headlines that CEO Stephen Hester would be stepping down later this year, Bloomberg reported.

The announcement comes as Hester is giving... More