Tuesday October 20, 2020

Editorial View: Ulster Bank review is a great chance to reform our banking sector

The prospect of change offers a rare chance to make Irish banks more sustainable, accountable and profitable

27th September, 2020
Policymakers and bankers in Dublin must begin to think about the what the impending change at Ulster Bank means to the Irish Banking market

The Irish banking industry is on the brink of a structural transformation. Earlier this month, Britain’s NatWest banking group confirmed that it was undertaking a strategic review of its ownership of Ulster Bank, this country’s third-largest high street bank. Among the options being considered are a merger of Ulster Bank with another Irish bank or winding it down entirely.

NatWest’s initiative is understandable. Known until recently as Royal Bank of Scotland,...

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