By Gokhan Kurtaran

LONDON

Royal Bank of Scotland (RBS) has decided to close down 162 branches across in England and Wales.

"[...] Around 792 roles will be made redundant, and employees will be supported with the option to leave on a voluntary basis," Royal Bank of Scotland (RBS) said in statement released on Tuesday.

“We are no longer launching Williams & Glyn as a challenger bank, and we now have two branch networks operating in close proximity to each other; NatWest and Royal Bank of Scotland, in England & Wales,” added the statement.