Deep cost cuts loom at Europe’s investment banks

http://www.ft.com/cms/s/0/43425e54-b477-11e0-a21d-00144feabdc0.html#axzz1Szn6orSj

In the UK, investment banking revenues at Barclays and Royal Bank of Scotland Group revenues are expected to be down about 30 per cent from the first six months of 2010, with pre-tax profits falling a similar amount on average.