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Anxious wait for RBS staff

Staff at Royal Bank of Scotland in the Island have an anxious wait to see if their job is secure after the group posted a record UK loss of up to £24 billion.

RBS, which owns NatWest, Coutts and the Isle of Man Bank, employs around 600 workers here.

Although there's no confirmation from the bank about redundancies, the organisation is to undergo a restructuring of its offshore business.

It's not sure at this stage when an announcement will be made.

Across the whole group there will also be £325 billion of toxic assets put into a scheme which will offer insurance against any further losses.

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