A further 112 posts are to go in the Isle of Man as a result of the bank announcing that it will cease its operations from the two islands by the end of next year.
The banking group says that the closures form part of an overall plan to ‘become a smaller, domestically focused bank’.
A 30 day consultation period with staff has already started but as the bank is to close all 56 posts will disappear.
The bank, which has its headquarters at 25 Esplanade, has operated from the Island for 30 years.
• Full report in Saturday’s JEP
