Around 50 jobs to be lost at RBSI

Officials at the Royal Bank of Scotland International (RBSI) have confirmed around 50 people across Guernsey, Jersey, Isle of Man and Gibraltar are set to be made redundant.

The BBC understands the jobs are mainly being lost in the onboarding team, which helps manage the setting up of new retail, corporate, or institutional clients for the bank.

A spokesperson for RBSI said it was "simplifying" how the company operates.

"We recently announced changes to simplify how we operate and ensure we remain focused on delivering the best possible service to our customers."

Another Channel Island-based finance firm has announced plans to conduct a review of some roles, with Aztec revealing it was looking to change its worldwide operations.

A spokeperson for the Aztec Group said: "Like many businesses, we continually review how we are organised to ensure we deliver the best outcomes for clients and support the long-term success of the business.

"As recently communicated to colleagues, we are conducting a limited review of some roles across the Group, amounting to less than 3% of roles globally, to ensure we continue to be well-positioned for growth.

"Aztec remains a healthy and profitable business and we are committed to handling this process with care, respect and support for our people."

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