COMMENT: RBS leaves Ulster Bank in limbo again

Years of speculation about the future of Ulster Bank were due to come to an end today but owner RBS delivered a holding statement that lacked anything concrete, writes Jon Ihle.

27th February, 2014
Jon Ihle: RBS does not appear to know any better what to do now with Ulster Bank than it did in November.

Ulster Bank is still in limbo - again.

Years of speculation about the future of the troubled bank were due to come to an end today when UB's parent, Royal Bank of Scotland, announced the results of a major strategic review meant to shrink the group, retire its bad assets and return capital to the British taxpayers who own 81 per cent of it.

As a costly RBS subsidiary, Ulster Bank was expected to figure prominently...

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