State faces tough choices in wake of Ulster Bank decision
It’s a bitter pill for taxpayers to yet again foot the bill for the bailout, but there must be a viable competitor to AIB and Bank of Ireland
The scars of Ireland’s €64 billion bank bailout are still visible if you look closely enough. For its part, the state is unlikely to see half of that money ever again. The banking sector, meanwhile, is still weighed down by mortgage arrears and the need to hold higher levels of capital against new mortgage lending.
It is not surprising, then, that NatWest has decided to wind down the activities of Ulster Bank in...
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