Bank will limit face-to-face advice to people with more than £250000 to invest in tender to cut costs after falling £2bn into redThe Royal Bank of Scotland is preparing to shed 550 jobs as part of a intention to replace staff who offer investment tips with so-called “robo-advisers”.
RBS,which is 73% owned by taxpayers, is shrinking its investment advice team by making the service available only to people with more than £250000 to invest.
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Source: theguardian.com