Tuesday, 1 May 2018

Royal Bank of Scotland to cut 162 branches and 792 jobs across England and Wales

Royal Bank of Scotland has announced it is closing 162 branches across England and Wales.

The bank said that 792 jobs would go as a result and staff would be offered voluntary redundancy.

RBS branches in England and Wales, and the NatWest business in Scotland, had been earmarked for a new "challenger bank" under the name Williams & Glyn.

However, that project is now not going ahead and the bank has reviewed its branch network.

Some 109 branches will close in late July and August 2018, while a further 53 branches will close in November 2018.

BBC     News.

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