RBS to axe 500 more jobs
Royal Bank of Scotland announced plans today for up to 500 job losses within its British wealth management division.
RBS said the cuts will affect back office functions across the UK for its wealth management brands – Coutts, the Queen’s private bank, and Adam and Co.
The jobs will go over the next three years.
Today’s news comes as part of a mammoth jobs cull at the part-nationalised group and follows less than a month after RBS announced 2,600 roles would go at its insurance and retail banking arms.
