The announcement that Ulster Bank’s operations in the Republic of Ireland are to be ‘restructured’ has sent shockwaves across the entire banking sector, adding to concerns that owner, Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) (LON:RBS), may have plans to put the third biggest bank in Ireland (after Bank of Ireland (ADR) (NYSE:IRE) and AIB) out of business.
Ulster Bank: Yet another ‘bad’ bank
Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) (LON:RBS) has announced that much of the bank’s Irish business will be put into an €38...
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