Wednesday, 30 May 2018

Royal Bank of Scotland to press ahead with branch closures

The board of Royal Bank of Scotland has refused to yield to demands for a halt to branch closures.

RBS chairman Sir Howard Davies told shareholders in Edinburgh that use of branches had fallen sharply as customers shifted to digital banking.

He backed chief executive Ross McEwan, who said directors realised closures were difficult for customers, colleagues and communities.

However, banking was changing and if RBS did not respond, it would fail.

In December, RBS announced it would shut a total of 62 Scottish branches.
Ten of them were later given a stay of execution until at least the end of 2018, pending a review.

At a union protest outside the bank's annual general meeting, Unite officer Lyn Turner said the savings from the branch closures did not justify the impact on customers, with more than 300 part-time jobs being lost.

BBC           News.

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