RBS to axe 680 jobs as it closes 259 branches

Union calls cuts ‘savage’ as management says it will close 62 Royal Bank of Scotland and 192 NatWest branches across the country

Royal Bank of Scotland is closing 259 branches in a move that unions fear signals the end of branch-based banking.

The bailed out bank said 62 Royal Bank of Scotland branches would shut and 197 NatWest ones as customers turned to digital channels to conduct every-day banking. This is the equivalent to a quarter of the existing branch network.

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from The Guardian http://ift.tt/2ivCYV4