Hatfield NatWest bank to close down

Hatfield NatWest bank to close down

After the closures 744 branches will be left.

Lloyds said it will close 49 branches, meaning a total of 99 jobs will be lost.

The Royal Bank of Scotland has announced 259 branches will be closing nationally, but none are in Worcestershire.

He added: "The UK government, as the bank's majority shareholder, in our view, should use its influence through not agreeing to any closures in locations where no face-to-face alternatives are in place, and should require the Royal Bank of Scotland to ensure that practical and sustainable alternative banking services are put in place before any closures are signed off".

The bank is still 71 per cent owned by the taxpayer.

Unite regional officer Lyn Turner said: "RBS's 2016 annual report states that they want "to transform the bank into the number one for customer service, trust and advocacy".

The Treasury said it did not intervene in commercial decisions.

An RBS spokesperson said: "More and more of our customers are choosing to do their everyday banking online or on mobile".

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"Since 2014 the number of customers using our branches across the United Kingdom has fallen by 40 per cent and mobile transactions have increased by 73 per cent over the same period".

However, a spokesman for RBS International in Jersey said there are no plans to close any local branches. The consumer body Which? calculated that across the industry 1,747 branches have been shut in three years.

"This means some branches are being used a lot less than they used to be".

"We realise this is hard news for our colleagues and we are doing everything we can to support those affected".

The high street banks argue they have to compete with digital-only rivals such Atom and Monzo, which operate without a branch network.

"Customer service? Trust? Don't make me laugh".

As it published the outcome of its latest stess tests on the banking sector this week, the Bank of England said that "fintech" - financial technology - "may have profound consequences for incumbent banks' business models".

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