McCarthy was First Active’s chief and presided over its sale to Ulster Bank
Joe Heneghan has been in charge of the fintech’s Irish operations since late 2019
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
Q&A: Dominic Coyle answers your personal finance questions
Yet another review likely to decide if lender has a future in Irish market
Chief executive says it has nothing to do with review being carried out by parent NatWest
Market Beat: Closure would mark the end of a storied bank and further erode competition in the market
Behind the business-as-usual facade, things are not rosy between the bank and its parent
Bank of Ireland and AIB have also signalled plans to lay off thousands of staff
CEO Jane Howard refuses to give figure of how many jobs could be cut or a timeframe
Friday interview: Jane Howard, CEO, Ulster Bank: "We’ve got to find our unique place in the market so we can grow safely and sustainably.”
Decision has significant implications for similar cases
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