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RBS to axe 600 jobs, says union

Royal Bank of Scotland is axing around 600 jobs at its retail bank Natwest and shutting 32 branches, trade union Unite says

Royal Bank of Scotland (RBS) takes a step towards returning to private hands, by regaining control over its dividend payments.

Royal Bank of Scotland (RBS) is to axe 448 jobs within its investment banking arm as part of a drive to cut costs and make the bank smaller.

So-called "robo-advice" results in hundreds of job cuts at Royal Bank of Scotland (RBS), just as the regulator gives its blessing to the technology.

The London market opens higher, adding to Thursday's gains, but shares in RBS sink 8% after it reports another annual loss.

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