Is RBS Planning On Merging Ulster Bank With Permanent TSB?

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Kieran Ball
Published on
Updated on

Major changes are coming at troubled Ulster Bank. The institution, owned by Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS), has been losing money hand over fist since the banking crisis first erupted in Ireland in 2008. Operating losses rose to £1.457 billion last year from £1.040 in 2012. It’s well known that the Royal Bank of Scotland Group plc (NYSE:RBS) (LON:RBS) has set up an internal team to deal with the problem of the ailing bank, and it has now been revealed that RBS has been in talks with the government bodies and other banks for the past five…

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Kieran is a journalist and copywriter with a track record in excess of 15 years' in advertising, marketing and journalism. My work has appeared in TV, radio, press, online and almost every other conceivable medium. Kieran is based out of Ireland.