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Royal Bank of Scotland announced it is also cutting 680 jobs and will use the savings to invest heavily in its smartphone offering, which has seen mobile transactions rise more than 70% since 2014.
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“This British-taxpayer funded bank should be concentrating on investing in jobs here in the U.K., rather than cutting them wholesale,” Unite national officer Rob MacGregor said in a statement on Friday. “Why is the government signing off this alarming branch closure program?”
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