Ulster Bank exposure to €1bn mis-selling' cases

Ulster Bank has exposure to more than €1 billion in claims of mis-selling related to financial products it sold during the boom, legal sources say.

To date, millions in settlements have already been made, of which several were with well-known businesses and developers.

Cases relate to the sale of derivative products called interest rate swaps, a hedging play that was attached to loans, which was supposed to protect borrowers against interest rate fluctuations ...