RBS, Unilever, Benetton: Everything that matters this morning
RBS to cut 680 jobs as part of cost-cutting drive
British state-owned Royal Bank of Scotland (RBS) says it will close 259 branches and cut 680 jobs to reduce costs and encourage customers to use online and mobile services.
The latest round of closures at the Edinburgh-based bank follow 180 announced in March, putting 1,000 jobs at risk, with the bank claiming there’s been a 40% drop in people using branches since 2014.
British banks are set to close a record 762 branches this year, Reuter
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