• Saturday, August 13, 2022

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Royal Bank of Scotland to Close Another 54 Branches, Axe 258 Jobs

ATM cash machines are seen outside a branch of the Royal Bank of Scotland on September 12, 2014 in Edinburgh, Scotland (Photo Credit: Matt Cardy/Getty Images).

By: Radhakrishna N S

UK’s Royal Bank of Scotland (RBS) said on Wednesday (05) that it will shut 54 more branches and axe 258 jobs. This is what it called the final cut to its branches network until at least 2020. The branches are expected to shut in January, next year and the cuts will affect the branches in England and Wales only. Excluding Wednesday’s (05) shutdown numbers, RBS has already declared the closure of 421 branches and the dismissal of 2,372 roles in the past 12 months, attracting the severe criticism from the experts. “The review was undertaken as a consequence of the…

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