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

21st February, 2021
Ulster Bank’s exit means idea of a third banking force must be put back on the table
The real danger is that Ulster Bank’s withdrawal will strengthen the dominant position of AIB and Bank of Ireland

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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