Bank of Scotland

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The past decade has seen a number of banks in the IFSC hand back their licences. Photograph: iStock
UniCredit to quit the IFSC after 26 years

Italian financial services giant UniCredit is planning to close its unit in the International Financial Services Centre (IFSC) in Dublin after more th(...)

A KBC Bank branch in Dublin city centre. Photograph: Brian Lawless/PA Wire
Will KBC and Ulster Bank’s exits allow remaining Irish lenders to rebuild?

When the European Commission ordered Belgian financial giant KBC Group in late 2009 to sell a number of businesses and shrink its balance sheet as pen(...)

A workman removes the Anglo Irish Bank signage and lettering from its former head office in St Stephen’s green Dublin in 2011, two years after the bank had collapsed and was nationalised. Photograph: Bryan O’Brien / THE IRISH TIMES ARCHIVE
KBC set to join long list of banks to disappear from Irish market

KBC Bank Ireland’s surprise announcment on Friday that it is planning to exit the Irish market comes only four years after the company’s Belgian paren(...)

The latest sanction is Ulster Bank’s fourth Central Bank fine in less than a decade. Photograph: iStock
Q&A: Why was Ulster Bank fined and where does it leave the other banks?

The Central Bank’s move to fine Ulster Bank in the Republic €37.8 million for its involvement in the industry-wide tracker mortgage scandal, dating ba(...)

Ulster Bank has a total of €9.67 billion of “unrecognised” crisis-era losses that could theoretically be carried forward indefinitely to reduce tax liabilities.
Ulster Bank wrote off tax assets before exit decision

Ulster Bank in the Republic wrote off almost all of its ability to use financial crisis-era losses to minimise future tax bills last year, before a de(...)

Lloyds inherited Bank of Scotland’s €32bn Irish loan book under its rescue takeover of HBOS in 2008. Photograph: Andy Rain
Lloyds takes €1.26bn tax row over Irish tax losses to appeal

Lloyds Banking Group has failed to convince Her Majesty’s Revenue and Customs (HMRC) that it is entitled to claim tax relief on massive losses racked (...)

Ulster Bank offices on College Green in Dublin. NatWest Group has decided to wind-down the bank in the Republic. Photograph: Patrick Bolger/Bloomberg
Q&A: What will Ulster Bank’s closure mean for customers?

There are a number of reasons why it has come to the stage where the board of British banking giant NatWest, formerly Royal Bank of Scotland (RBS), ha(...)

An announcement is scheduled to be made on Friday morning as the UK group reports annual results. File photograph: Nick Bradshaw
Ulster Bank set to exit Irish market after more than 160 years

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 mar(...)

Banks came into 2020 nervous over Brexit, Central Bank (above) mortgage rules and a dysfunctional housing market – that hasn’t gone away.
Banks brace themselves for impact of Covid pandemic

If 2020 saw Covid-19 deliver the biggest shock to the banking industry since the financial crash, 2021 will tell whether the system really learned the(...)

Barclays will allow customers in the Republic who have British bank accounts with the lender to continue to operate them after the Brexit transition period ends on December 31st. Photograph: Dominic Lipinski/PA Wire
Brexit: British banks to stay open for Irish customers

Despite the imminent end of the Brexit transition period, customers based in the Republic will be able to keep their bank accounts open with most UK (...)

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