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RBS to cut 1,400 more jobs

The Royal Bank of Scotland (RBS) is to cut 1,400 more jobs from its retail banking head office over the next two years.

RBS has already announced over 35,000 jobs would be eliminated since it was bailed out by the UK government after the financial crisis.

The majority of the jobs will be taken from RBS's offices in Edinburgh and the bank said no customer-facing staff will be affected by the change.

Chief executive of RBS's UK retail operations Ross McEwan said: "To serve our customers well, we have to ensure that our resources are focused on the things that matter most to them.

"Regrettably, we can only do that by restructuring the way we work in head office."

The government still owns more than 80 per cent of RBS, but the bank hopes to return to the private sector in 2014.

RBS's retail head office division currently employs 3,200 people, most of these positions are based in Edinburgh.

By Gary Cooper