Ulster Bank’s exit means idea of a third banking force must be put back on the table
The state needs to turn from silent owner to activist shareholder and support PTSB in acquiring Ulster Bank as a single entity
After years of restructuring fatigue for staff and endless speculation, NatWest has decided to wind down Ulster Bank in the Republic.
The move will hit border counties especially hard where the bank for generations has been central to the business fabric of our towns from Louth to Donegal. The impact on staff and communities will be considerable.
Since the review was announced last September, Paschal Donohoe, the Minister for Finance, has at least been consistent....
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Seven key takeaways from AIB’s 2020 accounts as it posts €741m loss
The bank reported significant losses in 2020 as the pandemic pummelled business
Permanent TSB commits to ‘rebuilding trust’ after posting pre-tax losses of €166m
The bank’s lending fell by 15 per cent last year as the pandemic took a bite from its business
Ian Guider: Ulster Bank carve-up may involve large state cheque
To create competition in the sector, Finance Minister Paschal Donohoe could be faced with providing millions of euro to allow Permanent TSB to take over the exiting bank’s assets
Aidan Regan: We need to break down banking borders to attract the competition here
If the Balkanised nature of national banking is removed with the creation of an integrated European system, competitive banks will be incentivised to enter the Irish market