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Hundreds quit NatWest in cost-cutting bid

More than 500 people have voluntarily quit NatWest as part of a cost cutting drive to shed jobs in its fight against Royal Bank of Scotland&#39s £22bn hostile bid.


The voluntary redundancies follow the bank&#39s decision to lose 1,600 jobs from its head office and business bank, in addition to existing plans to cut 10,000 retail jobs.


The Office of Fair Trading has extended its submission deadline for Bank of Scotland&#39s proposed takeover of NatWest by 15 days to December 3.

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