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Ulster Bank announcement a 'serious blow' for the Irish banking landscape, says Cork Minister


Ulster Bank announcement a serious blow for the Irish banking landscape, says Cork Minister
The Minister for Public Expenditure and Reform has said the withdrawal of Ulster Bank from the Republic of Ireland is a “serious blow” for the Irish banking landscape, as well as the bank’s staff and customers. Picture: Dan Lienah
Amy Nolan & David Young and August Graham, PA
The Minister for Public Expenditure and Reform has said the withdrawal of Ulster Bank from the Republic of Ireland is a “serious blow” for the Irish banking landscape, as well as the bank’s staff and customers.
Ulster Bank is to begin a phased withdrawal from the Republic of Ireland after more than 160 years in the market, its parent company NatWest confirmed earlier today. ....

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Ulster Bank set to exit Irish market after more than 160 years


Ulster Bank set to exit Irish market after more than 160 years
Goldman Sachs engaged with number of parties interested in elements of loan book
Wed, Feb 17, 2021, 09:05
Updated: Wed, Feb 17, 2021, 21:52
An announcement is scheduled to be made on Friday morning as the UK group reports annual results. File photograph: Nick Bradshaw
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The board of NatWest is set to decide on Thursday evening on a proposal to wind down Ulster Bank in the Republic after more than 160 years in the market, setting the stage for a likely break-up of the lender’s €20.5 billion loan book, according to sources. ....

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