Ulster Bank may join foreign flight from Irish losses

Ulster Bank's plan to change its status from an Irish-regulated bank to a British-regulated bank would represent an historic shift in focus, writes Jon Ihle.

14th July, 2012
Ulster Bank may join foreign flight from Irish losses
Ulster Bank could be regulated in Britain. Photo: Photocall

Ulster Bank's plan to change its status from an Irish-regulated bank to a British-regulated bank would be an historic shift in focus, and dramatically change the nature of its relationship to the Irish market.

As one of the oldest banks in the country - it was founded in 1836 - Ulster Bank has always regarded itself as an Irish bank. This is why it retained its brand identity even after being acquired by NatWest in 1917.

The...

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