Analysts this morning backed plans by the Royal Bank of Scotland to radically scale back its investment bank, but questions remain on how easy it will be for the bank to find a buyer for certain business in current market conditions.

RBS announced today that it would exit certain business from its investment bank, RBS Global Banking & Markets, cutting 3,500 jobs in the process. The bank plans to pull out of cash equities, corporate broking, equity capital markets and mergers and acquisitions advisory.