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.
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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