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Thu 08 Aug 2010Bank of Scotland to quit Irish market by December
Bank of Scotland (Ireland) is to cease operating as a licensed bank in Ireland, with the immediate loss of 36 jobs, following a strategic review of its business here.
The company, which is owned by Lloyds Banking Group, will wind down its operations, ceasing to provide working capital and wealth management services by the end of the year, and transferring its existing Irish business to Bank of Scotland in the UK.
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