RBS cuts 600 financial advice jobs

The job cuts will come across the UK, although it has said it will also create 351 new roles. In a statement, the majority state-owned bank said: "Having to cut jobs is the most difficult part of our work to rebuild RBS and repay taxpayers for their support. "We continue to make efficiencies across our business to deliver greater value to our customers and shareholders. "We will do all we can to support our staff, offer redeployment opportunities wherever possible, keeping compulsory redundancies to an absolute minimum." Union Unite described the job cuts as "brutal" and said th...