The Ulster Bank Problem

The Ulster Bank Problem
Ulster Bank has fallen far since its halcyon days.

Ulster Bank has fallen far since its halcyon days, but there are still hopes that it can once again become a force to be reckoned with, writes Ian Guider.

How to solve the Ulster problem? That’s the question that’s been on the mind of the Royal Bank of Scotland (RBS) for years.

Its Irish subsidiary has proved costly for the Edinburgh-headquartered bank throughout the financial crisis. Rescued from possible extinction by British taxpayers, who control about 80 per cent of RBS, it’s been forced to pour €19 billion into Ulster Bank to cover losses on the Irish property market, where it gave...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

More from The Business Post