Tuesday September 22, 2020

Ulster Bank a "profound problem" for RBS

Ulster Bank, the Irish operation of Royal Bank of Scotland, has been a “profound problem” for the British bank, according to RBS chairman Philip Hampton.

30th May, 2012
Ulster Bank headquarters in Dublin.

Ulster Bank, the Irish operation of Royal Bank of Scotland, has been a “profound problem” for the British bank, according to RBS chairman Philip Hampton.

Hampton told Britain’s largest state-controlled bank’s annual shareholder meeting in Edinburgh today that the Irish subsidiary bank represents one of the biggest challenges that RBS faces.

The RBS chairman told the AGM that shareholders who bought shares before the lender was bailed out will...

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