Ulster Bank targets 813 further redundancies as wind-down continues
Lender’s main trade union says staff cuts will be made over the next 12 months
Lender’s main trade union says staff cuts will be made over the next 12 months
Exit of Ulster Bank and KBC could impact on customers’ direct debit arrangements
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Transfer relates to life assurance products, pensions, investment and protection policies
Stock investors bet retreat of Ulster Bank and KBC will give surviving banks a fighting chance
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Transformational deal would increase PTSB’s loan book by almost 50%
Eddie Cullen leaving in one of the first high-profile departures ahead of Republic exit
New terms propose exiting staff receive five weeks’ pay per year of service
Bank did not give any indication if roles would transfer with disposal of loan book
KBC does not recognise unions, but ‘substantial’ number of staff are members
Regulator found lender devised ‘deliberate strategies’ to overcharge customers
CEO announced last December that the bank was exiting the British SME market
A number of locations in Dublin, Cork and Galway are set to close following review
Bank commits to support current mortgage applicants and borrowers in difficulty
Lender says colleagues kept in the dark over wind-down due to ‘confidentiality restriction’
Questions will focus particularly on problem mortgages and the outlook for bank staff
Staff the last to be informed about decision that was known to everyone else
Decision by NatWest affects mortgages, business loans and deposits
Over the course of 160 years, Ulster Bank grew from a small regional presence to being a major property lender in the Celtic Tiger boom years
Financial Services Union says bank staff must have option to move with their work
Staff to be briefed after bank results are published on Friday
Bank’s parent considering winding down division as Covid-19 further depresses profits
Ulster’s parent is undertaking a strategic review of the unit
Ulster Bank, Central Bank refuse to appear before Oireachtas committee on bank’s future
Yet another review likely to decide if lender has a future in Irish market
NatWest is said to be actively considering winding down Irish unit
Chief executive says it has nothing to do with review being carried out by parent NatWest
Virtual meeting with Paschal Donohoe as bank considers wind-down
Parent company NatWest is considering winding business down
Lender’s UK parent NatWest said to be actively considering exiting the market
Statement comes after report that wind-down of lender is being considered
Behind the business-as-usual facade, things are not rosy between the bank and its parent
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