By Gabriel Chen

A THIRD of the staff of the Singapore office of RBS Coutts, or about 70 people, have quit in a mass resignation.

RBS Coutts is a private bank part of the Royal Bank of Scotland (RBS), which was rescued by the British government last year after being saddled with billions of losses.

While large private banking teams routinely change employers, especially in Asia, it is very rare for a bank to lose so many staff at the same time.

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