Royal Bank of Scotland (RBS) is to close 54 branches across the UK in January following its failure to launch its new banking business.

The branches were intended to be branded under the name Williams & Glyn, which was designed to offer products unavailable from RBS or Natwest. Impacted sites are in close proximity to either an RBS or Natwest branch.

These latest closures come as the bank shut down 162 branches in May, However, RBS said there will be no further closures until 2020.  

An RBS spokesperson said: “As we are no longer launching Williams & Glyn as a challenger bank we now have two branch networks operating in close proximity to each other in England and Wales – NatWest and Royal Bank of Scotland.

“We will now focus on investing in our Royal Bank network in England and Wales to make sure customers have a consistent range of products and services wherever they bank, be it Scotland, England or Wales.”

RN has contacted RBS for information on the exact locations of the affected branches.

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