Wealth and Asset Management
Coutts & Adams & Co cut payroll 10% on compliance costs
Staff numbers at RBS’ private banking units Coutts and Adam & Co fell 9.5% between the third quarter of 2017 and the same period of 2018, as the division offset sharply rising compliance costs. Despite the falling payroll, operating expenses climbed 4% on the same period of the year before…
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