An anonymous source from inside RBS wrote a letter to London-based Here is the City about some big management shifts inside the bank.  Business Insider's Courtney Comstock summed up the main points below, but readers can read the full letter, by clicking onto:   [ Letter appearing in HereIsTheCity.com ]

• Over the next few days, a number of IT personnel supporting Global Banking & Markets will receive a letter informing them that they've been placed at risk of redundancy.
• Job losses will mostly hit personnel in IT and back-office operations in areas being run down or divested by the bank following its 2007 merger with ABN AMRO.
• RBS has hired a new batch of management consultants - coming next week - along with temps and contractor staff, who'll be given full time jobs.
• The moves are prompted by an ineffective, expensive program called "North Star," a general lack of incisive decision-making, and uninspiring leadership.

The uninspiring leadership, the writer suggests, is a direct result of RBS hiring outside upper-management, rather than promoting from within.  And, "the resulting reporting lines often make no sense to those of us on the inside."   [ Clusterstock, 10/25 ]