COMMONS

RBS to be questioned over branch closures

06 December 2017

The Scottish Affairs Committee will examine senior Royal Bank of Scotland executives on proposed branch closures.

Les Matheson, Chief Executive, Personal & Business Banking and other senior Royal Bank of Scotland (RBS) executives will appear before the Scottish Affairs select committee in the new year to discuss its plans to close 62 branches in Scotland.

RBS announced on 1 December that they will close more than a third of their branches in Scotland, with the expected loss of 158 jobs. MPs on the Scottish Affairs Committee will question RBS about the impact these closures will have on local communities and RBS staff.

Chair's comments

Chair of the Committee, Pete Wishart, said:

"RBS's decision to close over 60 branches will have a serious impact on the people of Scotland and may leave some rural communities without a local bank.

We will want to hear from RBS how such cuts can be justified by a bank that the UK Government, and therefore the taxpayer, still owns the majority stake in.

We will reserve the right to extend this short inquiry if we feel we do not secure satisfactory responses; we are therefore also hoping to hear from the Government and if necessary from Ross McEwan, Chief Executive of RBS."

Further information

Image: PA

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