RBS to shut 54 more branches; Hundreds of jobs at risk

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Royal Bank of Scotland will be closing down another 54 branches in England and Wales, resulting in the loss of 258 jobs.

The new list of branches is in addition to the 162 ones already announced this year with the loss of 792 jobs.

The closures are a result of the collapse of plans to launch a standalone ‘challenger bank’ using the Williams & Glyn brand.

An RBS spokesperson said: “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.

“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.”

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