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Royal Bank of Scotland to cut 3,700 jobs in UK branch network

By Purnima

The Royal Bank of Scotland PLC, announced on Monday that it plans to cut as many as 3,700 jobs in its British branch network over a period of next couple of years. The job cuts in the bank, which is 70 percent owned by the British government, have been described as “deeply regrettable but, necessary.”... »

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