RBS Shuts 259 British Branches as It Expands E-Banking

02 December, 2017, 00:45 | Author: Terri Saunders
  • RBS Shuts 259 British Branches as It Expands E-Banking

As a customer, you might be wondering whether it's worth the extra mileage to get to the next nearest branch remaining open.

The Laughton Road bank is one of 197 NatWest branches earmarked for closure by RBS, which will also slash 62 Royal Bank of Scotland branches.

The redundancy programme will lead to about 680 redundancies and the RBS branch network is aiming to manage this process on a voluntary basis.

Royal Bank of Scotland has announced it will close a quarter of its branches and axe almost 700 jobs in a move that unions claim could signal the end of face-to-face banking.

Japan panel agrees on April 30, 2019 for emperor's abdication
It followed a meeting on Friday of the Imperial Household Council which includes lawmakers, royals and supreme court justices. Japan's constitution defines the emperor as a symbol of the state and the people, without political power.


"We know that not all of our customers are comfortable or familiar with using online or mobile banking, so we have created a new specialist taskforce of NatWest TechXperts who will be dedicated to supporting our customers with training and support with digital skills until the branch closes".

The closures and job cuts follow similar moves by Lloyds and Yorkshire Building Society earlier this week. However, understandably, unions have heavily criticised the decision; Rob MacGregor, Unite national officer, called the branch closures "savage", and asked why the Government was signing off on such a heavy package of closures, particularly when the group is still 72% owned by the taxpayer. "The Royal Bank of Scotland has chose to decimate its bank branch network". "As customers continue to change the way they bank with us, we must change the way we serve them, so we are investing in our more popular branches and shaping our network, replacing traditional bricks and mortar branches with alternative ways to bank".

Approximately 680 jobs will be cut, according to RBS.

The announcement comes after the Government last week disclosed plans to dispose of about two-thirds of its stake in RBS, selling off about £15bn a year over five years from 2018/19.

Recommended:

  • Sabrina the Teenage Witch Is Heading to Netflix With 20-Episode Order

    Sabrina the Teenage Witch Is Heading to Netflix With 20-Episode Order

    Television's Berlanti Productions, which is producing Sabrina for Netflix, has most of its scripted series airing over on The CW . As Deadline points out, the shift from The CW to Netflix is likely a response to Riverdale's popularityon the streaming service.
    Micromax introduces Bharat 5 with massive 5000mAh battery; includes free 50GB data

    Micromax introduces Bharat 5 with massive 5000mAh battery; includes free 50GB data

    Earlier, Vodafone and Micromax had introduced India's lowest priced 4G Smartphone with Vodafone SuperNet 4G connection for Rs.999. Battery & Other Features of Micromax Bharat 5 Smartphone - The battery of Bharat 5 smartphone comes with a 5000mAh battery .
    Phillip Fulmer Will Replace John Currie as Tennessee Athletic Director

    Phillip Fulmer Will Replace John Currie as Tennessee Athletic Director

    But he was forced out after a 5-7 season in 2008, when Currie was a high-ranking Tennessee athletic department employee. On the other hand, the online site Down South quoted Leach as saying, "I'm on my way" to Knoxville, Tenn.
  • Bigg Boss 11, Day 61 written updates: DJ Vikas wins captaincy

    Bigg Boss 11, Day 61 written updates: DJ Vikas wins captaincy

    Later, Bigg Boss asks the contestants to nominate contestants for jail and Hina is the first to nominate Bandagi and Puneesh. Vikas tells her that he won't reconcile with her, but Arshi tells him that she didn't understand him, and now she does.
    Biodiesel Vows To Work With Trump Admin To Correct RFS Levels

    Biodiesel Vows To Work With Trump Admin To Correct RFS Levels

    Environmental Protection Agency (EPA) set for usage of renewable fuel in 2018 under the Renewable Fuels Standard ( RFS ) program. The Renewable Fuel Standard was intended by Congress to promote growth in the production of biofuels in the USA , but Rep.
    'Big Bang Theory' Actress Kaley Cuoco Is Engaged!

    'Big Bang Theory' Actress Kaley Cuoco Is Engaged!

    She captioned it: "Still crying every part of this night has been perfection just like you @mrtankcook I love you forever!" And, in yet another post, Cook shared a video of him dancing with Cuoco to the song "Perfect" by Ed Sheeran .
  • Dry start to December

    Dry start to December

    Average rain for the month is 4.45 inches, and we are still in the late fall severe weather season in Alabama. Friday's high temperatures will warm to the mid 60s in the Triangle and the upper 60s across the Sandhills.
    Burqa-clad Taliban terrorists attack college in Pakistan, at least five wounded

    Burqa-clad Taliban terrorists attack college in Pakistan, at least five wounded

    Those injured in the attack include a gatekeeper, journalist of a Channel-24 channel, two students among others. Generally, there are around 400 students at the hostel, but because of the holiday there were only 150 present.
    FIFA WC: Croatia Manager Zlatko Dalic Wary Of Nigeria Threat

    FIFA WC: Croatia Manager Zlatko Dalic Wary Of Nigeria Threat

    When asked about Maradona's remarks, Sampaoli said : "I hope we have the possibility during this time to train and play better". Nigeria and Croatia square off at the Kaliningrad Stadium, Kaliningrad on June 16, 2018.
  • PUBG Will Run At 30FPS Across Xbox One Platforms

    PUBG Will Run At 30FPS Across Xbox One Platforms

    Then again, PC players of PUBG know that the developers of the game are not exactly the best when it comes to optimizing hardware. There are still plenty of things wrong with the game and PlayerUnknown's Battlegrounds is starting to play the price.
    A German Christmas market was evacuated after police found an explosive device

    A German Christmas market was evacuated after police found an explosive device

    The object was reportedly planted on a children's carousel located at the Christmas market, local media report. A German security official has since confirmed that the package contained "nails and a powder".
    Nigeria pledges to help migrants returning from Libya abuses

    Nigeria pledges to help migrants returning from Libya abuses

    Also, the Senate yesterday tasked the Ministry of Foreign Affairs with finding ways to end the shocking sale of Africans. It is absolute madness for people to blow others up in markets, churches and mosques.


Popular

Elon Musk's huge battery is now powering South Australia
The shortage is looming as Australia is expected to soon overtake Qatar as the world's biggest exporter of liquid natural gas. It has the capacity to power more than 30,000 homes for up to an hour in the event of a blackout .

Paul Manafort Free From House Arrest After Posting $12 Million Bail
Manafort has also surrendered three passports, and Kathleen Manafort surrendered hers as well. Manafort would have to forfeit all four properties if he violates the terms of his bail.

Germany's SPD spells out coalition conditions but no decision until party conference
"The decisive question is what do we want to implement, what can we implement - for example in the renewal of the European Union ", Schulz said.

Bitcoin Price Rallies to $10760 After CME Futures Get Launch Date
The exchanges assured the CFTC that the new products complied with the rules under a process of self-certification. Cboe said they are "operational ready".

Nissan Kicks debuts in LA
The base Kicks S model receives 16-inch steel wheels, while higher-trim SV and SR models earn 17-inch alloy wheels. The vehicle will be offered in seven exterior colors with five two-tone combinations.

Ole Miss hit with additional bowl-ban year
A show-cause penalty means any schools wishing to hire the coaches must appear before the NCAA committee on infractions to do so. Instead, it gave Freeze only a small penalty (a two-game suspension) that basically goes away following the 2018 season.

Supermoon To Shine Over Idaho Sunday
December's full moon will mark the beginning of a series SUPERLINE, two supertunia expected in January, which happens very rarely. What if the moon and planets were closer to Earth? For more details, check your local moonrise and moonset locations here .

Belgium favourites in World Cup group, says England boss Gareth Southgate
England was also drawn to face Belgium and Panama in Group G , but Southgate said he won't underestimate any opposition, given England's recent history.

Qualcomm files new patent infringement complaints against Apple
Companies like Apple have this routine of filing and receiving technology patents but that is only there is to it. Qualcomm in November sued Apple over an alleged breach of a software agreement between the two companies.

Ed Sheeran enlists Beyonce for "Perfect" remix
But he's just topped all of that with the biggest collab of all - he has bagged Queen Bey for a very special version of flawless .