Lunchtime Links: Rational paranoia at RBS

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Following suggestions that RBS is drawing up plans for another 10,000-20,000 job cuts, employees at the bank have reason to feel like small mammals caught in the glare of oncoming headlights. While some of the cuts may come from the sale of business units, analysts say that RBS' 21,000 global banking and markets staff are likely to bear the brunt of them. "The assumption has to be that the markets area will be impacted the most. This is the business that needs to be downsized and de-risked," says one. In this context, that Johnny Cameron, head of global banking and markets at RBS is reportedly being let go at the end of this month (with no sign-off) is not a good sign at all.

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39% increase in profit at Barclays in Kenya. (Bloomberg)

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