Royal Bank of Scotland set to close almost half of its branches

By Bruno Reis

The Royal Bank of Scotland (RBS) has announced it will be closing almost half of its branches in England and Wales.

The firm will close an additional 54 branches, following the news earlier this year in May that the bank would close 162 branches.

Of the 162, 109 closed in July and August, with the remaining 53 anticipated to close in November this year.

With the closure of the recently-announced branches set for January 2019, it is expected that the firm will cut 258 jobs.


“As we are no longer launching Williams & Glyn as a challenger bank we now have two branch networks operating in close proximity to each other in England and Wales - NatWest and Royal Bank of Scotland,” stated a spokesperson for RBS.

“As a result we have reviewed our overall branch footprint in England and Wales and have made the difficult decision to close 54 Royal Bank of Scotland branches.”

“The bank promised to "ensure compulsory redundancies are kept to an absolute minimum”.

“Customers of Royal Bank of Scotland in England and Wales will be able to use NatWest branches and local post offices for their everyday banking needs.”


Featured Articles

Middle East GDP hike of 57% if more women join workforce

By tapping into the potential of next-generation female workers, the MENA region could unlock new economic opportunities, up to US$2 trillion, reports PwC

Dialight supplies LED solutions for industrial safety

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Tech, AI, cloud, cyber speakers at TECH LIVE LONDON

TECH LIVE LONDON events sees technology leaders from IBM, Oracle, Vodafone, JP Morgan, Accenture and the US Space Force among the inspirational speakers

Cyber LIVE adds Vodafone head of cyber Kawalec to line-up

Leadership & Strategy

Musk’s multibillion hostile Twitter takeover – the timeline

Leadership & Strategy

Sustainable moves businesses can make to win customers, IBM