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Royal Bank Of Scotland To Cut 3,500 Jobs

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Royal Bank Of Scotland To Cut 3,500 Jobs

Business

Royal Bank Of Scotland To Cut 3,500 Jobs

Royal Bank Of Scotland To Cut 3,500 Jobs

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Over the next three years, RBS will cut 3,500 jobs. That's in addition to more than 30,000 layoffs that happened over the last two years. In the U.S., RBS runs Citizens Bank with branches in about a dozen states.

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DAVID GREENE, HOST:

NPR's business news starts with more bank layoffs.

RBS, Royal Bank of Scotland, announced today, it's cutting 3,500 jobs over the next three years. That's in addition to more than 30,000 layoffs at RBS that happened over the last two years. In this country, you might know Citizens Bank, RBS runs it. Citizens has branches in about a dozen states. Several branches were closed last year. It is not yet clear how these latest cuts at RBS will affect jobs here in the U.S.

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