State-owned bank the Royal Bank of Scotland (RBS) is to cut 220 investment advisers in a cost-cutting drive, which will see large parts of its face-to-face service replaced with telephone and online solutions.
The bank told the FT it will cut 550 jobs in a move to reduce costs, as more customers turn to digital robe-advisers. Of these, 220 positions will be cut from its pool of investment advisers, while...
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