Royal Bank of Scotland is selling its Dutch securities and merger and acquisition activities as part of a shake-up of its global operations, the Financieele Dagblad said on Thursday

In total, RBS said it is cutting its workforce by 3,500 jobs and putting various units up for sale.
The FD says 1,600 people work for RBS in the Netherlands, with some 600 based in Amsterdam’s Zuidas business park. Some 70 work for the brokerage and M&A units.
RBS in the Netherlands focuses on fixed income and currency trading and has a successful payment services arm, the paper says. Sources told the FD the securities and M&A operations would continue to operate while a buyer is sought, but complete closure had not been ruled out.
RBS’s presence in the Netherlands stems from its disastrous takeover of ABN Amro in 2008. The Scottish bank, which led the €73bn takeover bid, is largely in British government hands after running into financial difficulty. ABN Amro Nederland has been completely nationalised.
More on the RBS plans