Lender’s main trade union says staff cuts will be made over the next 12 months
Jane Howard
Exit of Ulster Bank and KBC could impact on customers’ direct debit arrangements
Cantillon: Claim shared systems and utilities could make banks far more competitive
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
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