Despite new rules overseen by the Financial Conduct Authority (FCA) regulator coming into effect last week, RBS has said it will close 11 bank branches in Scotland.
Royal Bank of Scotland has confirmed the closure of 11 bank branches, which were previously granted a reprieve amidst ongoing scrutiny.
This development occurs in the wake of fresh guidelines from the Financial Conduct Authority , which require banks to more thoroughly consider the cash needs of local communities before closing branches. "We're taking the opportunity to further review the detail on cash services available to customers following the closure of some branches that we've scheduled to close in the coming months. Following the conclusion of these additional processes, the branches will close."
"Rural communities such as New Deer, which have poor mobile and online connections, should not be abandoned, and urgent clarity must now be given on what the next steps are for the branch."
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