COMMENT: What's going on at Ulster Bank?

Ulster Bank flies below the radar, but it has been an unmitigated disaster in recent years for its parent company, Royal Bank of Scotland, writes Ian Kehoe.

Ian Kehoe - avatar

Ian Kehoe

20th November, 2012
COMMENT: What's going on at Ulster Bank?
Ian Kehoe Ulster Bank has been an unmitigated disaster in recent years for its parent company, Royal Bank of Scotland.

When people think about those broken Irish banks, they invariably hone in on Anglo Irish Bank, Irish Nationwide, AIB and Bank of Ireland.

This is hardly surprising; the cost of bailing out these embattled institutions literally forced the state itself to accept a bailout.

Meanwhile, Ulster Bank has tended to fly under the Irish recession radar. Again, this is hardly surprising since British taxpayers and not the Irish state have borne the cost of its...

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