Hundreds of jobs go as 259 RBS and NatWest branches close

Hundreds of jobs go as 259 RBS and NatWest branches close

A statement on the bank's website said: "More and more people are choosing to do their banking online, with our Mobile Banking app, or over the phone". Our research shows that 90 per cent of customers in the United Kingdom are choosing to bank online.

This paper has launched a joint campaign with the Courier calling on RBS to rethink the closures, which will leave just 89 branches in Scotland. Only 1% of our customers in Scotland now use a branch regularly while the number of regular mobile users has increased by 39% since 2015.

The RBS spokesperson further said: "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 TechXperts who will be dedicated to supporting our customers with training and support with digital skills".

The group said it was "committed to ensuring our customers and communities are able to continue accessing high quality banking services", pointing to its fleet of mobile branches and contract with the Post Office.

The union's national officer Rob MacGregor also said that the move could effectively signal the end of banking in branches.

John Swinney the SNP's MSP for the North Perthshire, added: "These proposed branch closures from RBS let down communities, disadvantage small businesses and will have an impact on tourism".


"This announcement will forever change the face of banking in this country resulting in over a thousand staff losing their jobs and hundreds of high streets without any banking facilities".

Mr Wheelhouse has written to Economic Secretary to the Treasury Stephen Barclay about the closures, which account for more than one in three of the bank's Scottish branches and will see the loss of about 158 jobs.

Robust and quality assured technology is now, more than ever, going to be a key differentiator amongst the United Kingdom public when choosing a banking provider; and with Open Banking coming into play in early 2018, banks could see their customers selecting alternative providers as the process of switching banks becomes swifter and easier.

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.

On Thursday, RBS announced the closure of its so-called "bad bank" - the unit set up to dispose of large chunks of unwanted assets following its £45bn taxpayer rescue - marking another chapter in its recovery.

Related Articles

  • Schlumberger NV (NYSE:SLB) gearing towards $0.50 dividends on Jan 12, 2018

    Burgundy Asset Management Ltd increased Servicemaster (NYSE:SERV) stake by 35,543 shares to 162,902 valued at $6.38M in 2017Q2. Schlumberger Ltd now has $89.67 billion valuation. ( SLB ) traded down $0.13 during mid-day trading on Monday, hitting $64.60.
    IATA says Middle East airline net profit will double in 2018

    IATA says Middle East airline net profit will double in 2018

    While the demand in the cargo markets remains strong, several indicators show that it may have passed the growth peak. Worldwide travel grew 7.3 percent, capacity grew 6 percent, and load factor increased 1 percent.
    Mueller Demands Trump's Deutsche Bank Account Details, Where President Owes Millions

    Mueller Demands Trump's Deutsche Bank Account Details, Where President Owes Millions

    House Democrats to provide details of Trump's finances, citing privacy laws. A German publication reported the same info earlier Tuesday.
  • Deadly listeria outbreak is food-borne: Motsoaledi

    Deadly listeria outbreak is food-borne: Motsoaledi

    The disease causes flu-like symptoms and can lead to nausea, diarrhoea, infection of the blood stream and brain. Members of the public can contact the NICD Emergency Operations Centre during working hours at 011 386 2000.
    Snow and ice warning as Arctic chill takes hold

    Snow and ice warning as Arctic chill takes hold

    Up to 2-5 cm of snow is likely for some, with 10-20 cm possible over high ground, mainly Scotland, Northern Ireland and Wales. The heaviest and most frequent of the snow showers will progressively become confined to northeast Scotland during Saturday.
    Target Wallet Is A New Mobile Payment System For Target Stores

    Target Wallet Is A New Mobile Payment System For Target Stores

    If you've been wondering why Target hasn't yet adopted the use of the likes of Apple Pay in its stores, you know have your answer. Wallet combines savings mechanisms like Target's " Cartwheel offers", weekly ad coupons, and 5 percent "REDcard" discount.
  • Lebanese Prime Minister Hariri rescinds resignation

    Lebanese Prime Minister Hariri rescinds resignation

    His father, former prime minister Rafik Hariri, was killed in a 2005 bombing. Hariri said he was quitting on November 4 while on a trip to Saudi Arabia.
    Rodney Anderson accused of rape according to protective order

    Rodney Anderson accused of rape according to protective order

    A hearing is scheduled to take place in regards to the petition on December 18 in front of Special District Judge Jequita H. In the protective order, the woman said she is "scared for my safety" because the alleged rape "happened in my apartment".
    PlayStation Store Reveals Potential 'God Of War' Release Date

    PlayStation Store Reveals Potential 'God Of War' Release Date

    But now, with that early 2018 time frame fast approaching, Sony might have quietly given us a date on the PlayStation Store. This doesn't mean that March 22 was a leaked release date by any means, but it does raise some interesting questions.
  • Watch Honor V10 and Honor 7X launch livestream

    Watch Honor V10 and Honor 7X launch livestream

    In the camera department, the phone houses a dual-camera setup with one lens having a 16 MP sensor and the other a 2 MP sensor. The phone is the successor of the highly acclaimed Honor 6x and features a 5.93 inch LCD display that is nearly bezel-less.
    Apple iPhone X now available unlocked and SIM

    Apple iPhone X now available unlocked and SIM

    As a reminder the new iPhone X comes with a 5.8 inch Super Retina HD display that has a a resolution of 2436 x 1125 pixels. Online orders for an unlocked iPhone X are delivering on December 13th-about a week out.
    Breezy, mild with rain developing later on Tuesday

    Breezy, mild with rain developing later on Tuesday

    Once the cold front passes Tuesday morning, our high temperature will likely be very close to our low temperature. Sunday will otherwise be a pleasant day with partly sunny skies and highs in the middle to perhaps upper 40s.