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More job cuts on horizon at RBS

The Royal Bank of Scotland last week pledged to scrutinise costs across the organisation as it revealed that more job cuts are in store.

At the bank’s annual general meeting on Friday chairman Sir Philip Hampton said RBS is looking to make annual cost reductions of £2.5bn in the next few years.

He says: “In the UK this year so far we have said that around 2,700 posts will go. This will not be the end of the story and more cuts are expected in the UK and internationally in the period ahead.”


We need urgent action but not anarchy

As we all saw on our TV screens there were ugly scenes outside the Bank of England last week as angry G20 protestors clashed with police, causing serious disruption and damage in the City of London.

Network Data blames error for payment delays

Network Data has told its appointed representatives it is unable to pay them on a set payment date due to a “recently identified” problem, with no word on when commission will be paid.

HML to manage Scarborough Mortgage Services

Scarborough Mortgage Services is to be managed by Homeloan Management following the merger of the Scarborough and Skipton building societies this week.Clients of Scarborough Mortgage Services will continue to be serviced by existing Scarborough staff, with assets to be migrated to the HML platform at a later date.Brian Brodie, managing director of HML, says: This […]


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