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Natwest to cut 550 branch jobs

Natwest Group is cutting 550 jobs in branches across the UK and closing one of its remaining offices in London.
It said the cuts would be made entirely through voluntary redundancies and there would be no branch closures.
The job losses are part of a longer term effort to adapt as more customers bank online and cut costs.
But the bank, formerly known as RBS, is also under pressure to cut costs due to the pandemic amid fears it could face billions of pounds worth of bad loans.
A NatWest spokesperson said: "We have to respond to changing customer behaviour and the rising customer demand for digital banking services.
"We have taken the decision to invite applications for voluntary redundancy and will support those colleagues who apply with a comprehensive support package."
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