View more on these topics

RBS set to cut 32 NatWest branches and 600 roles

RBS-Building-2012-700x450.jpg

RBS is closing 32 NatWest branches and is set to cut 600 roles, according to Unite.

The banking group is shutting offices in the North, Midlands, East and London, with closures to affect other regions in coming weeks.

The North will see 18 branches close, up to 217 role losses and 220 branches change their opening hours.

RBS will close 13 branches in the Midlands and East, with as many as 176 role losses and 94 branches tweaking their trading hours.

London and the South East will see one branch close, and more than 200 role losses.

Unite regional officer Lyn Turner says: “With job losses across the country and surviving branches on reduced hours, there’s no doubt this latest round of cuts will hurt the bank’s customers as well as our members.

“With every branch closure NatWest is slamming its doors on another community, dangerously undermining the bank’s long-term future.

”Unite will consult with our members as we hold the bank to its promise to avoid compulsory redundancies.”

On 11 March RBS confirmed it would slash its face-to-face advice services, leading to around 550 job cuts.

Unite is in talks with RBS over the proposed March job cuts.

RBS has been approached for comment.

Recommended

RBS-Building-2012-700x450.jpg

RBS axes 550 jobs; culls face-to-face advice

RBS is to drastically slash its face-to-face advice services, leading to around 550 job cuts. The bank confirmed to Mortgage Strategy‘s sister title Money Marketing that 221 specialist advice roles will be axed, leaving face-to-face investment advice only available to customers with £250,000 or more of assets. In addition, 195 face-to-face protection advisers are due […]

RBS-logo-700x450.jpg

RBS gross mortgage lending up 29% in 2015

Royal Bank of Scotland’s gross new mortgage lending rose 29 per cent in 2015 to £23bn. Net mortgage balances rose £9.3bn, or 10 per cent, to £104.8bn in 2015. RBS UK’s wider personal & business banking arm, which includes Ulster Bank Northern Ireland, made an operating profit of £1bn in 2015, down 9 per cent […]

FCA logo new 3 620x430

FCA bans ‘reckless’ former RBS Libor submitter

The FCA has banned former Royal Bank of Scotland employee Paul White for “reckless” Libor submissions that risked corrupting the integrity of the index. According to the regulator, White was the primary RBS Libor submitter for Japanese Yen (JPY) and Swiss Francs (CHF) between March 2007 and November 2010. White received 68 documented communications from […]

RBS-logo-700x450.jpg

Tory whip sends RBS interest rate swap failure dossier to FCA

A senior Conservative backbencher has submitted a complaint to the FCA over fears RBS is being allowed to settle interest rate swaps disputes less generously than other lenders. Working in collaboration with lobby group Bully Banks, recently appointed Tory whip Guto Bebb sent a dossier of 120 cases to the regulator in late January to […]

Newsletter

News and expert analysis straight to your inbox

Sign up