Royal Bank of Scotland Group PLC (RBS) is winding down a distressed-debt unit, Bloomberg News reported Thursday, citing three people familiar with the matter.

Jon Weiss left RBS last month, Bloomberg reported.

Full story at http://www.bloomberg.com/news/2014-07-17/rbs-said-closing-distressed-debt-unit-as-group-head-weiss-leaves.html

Write to nymonitoring@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Royal Bank of Scotland (NYSE:RBS)
Historical Stock Chart
From Aug 2024 to Sep 2024 Click Here for more Royal Bank of Scotland Charts.
Royal Bank of Scotland (NYSE:RBS)
Historical Stock Chart
From Sep 2023 to Sep 2024 Click Here for more Royal Bank of Scotland Charts.