IN BRIEF (Page 16)

RBS may axe 20,000 jobs

Royal Bank of Scotland Group Plc, the biggest UK government-controlled bank, plans to cut as many as 20,000 jobs and pull out of several emerging markets as it announces losses of 30 billion pounds ($43.1 billion) next week, the Sunday Times reported, without saying where it got the information.

The proposals also include plans to sell dozens of businesses considered to be non-essential, as well as parts of ABN Amro Holding NV, which it acquired in 2007, the newspaper said.