RBS Shuts 259 British Branches as It Expands E-Banking -Reuters
December 01 2017 - 02:54AM
Dow Jones News
--Royal Bank of Scotland will close 259 branches and cut 680
jobs to reduce costs and encourage customers to use online and
mobile services, Reuters reports.
--The part-government-owned bank already announced the closure
of 180 branches in March, putting 1,000 jobs at risk, Reuters
says.
--RBS closed its "bad bank" on Thursday, after the U.K.
government said in November it plans to start selling 15 billion
pounds of shares in RBS next year, according to Reuters.
Full story: http://reut.rs/2AMoGa3
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(END) Dow Jones Newswires
December 01, 2017 02:39 ET (07:39 GMT)
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