Can Hourican dig RBS out of its hole?

By:
Clive Horwood
Published on:

Losses in RBS’s investment banking division almost brought down the entire group. Many called for it to be shut down. But John Hourican, the firm’s new head of global banking and markets, believes he is positioning a new-look business to thrive in post-credit crunch markets. Could the cause of RBS’s ills be the hope for its recovery?