'Sad day' for Ulster Bank staff and Irish bank industry

The Minister for Finance said today is a difficult day from an Irish banking perspective and also for the Ulster Bank staff who are receiving news of the bank's exit from the Irish market.

"The decision by NatWest, the parent of Ulster Bank, to exit the Irish market is a very significant event. After 160 years serving the Irish public, today marks a sad day," Mr Donohoe said. The Minister also reassured Ulster Bank customers that "robust" consumer protections are in place in the event of the bank withdrawing from the Irish market.

"The commitment to engage with staff to minimise the impact on them is also to be welcomed - I expect that Ulster Bank will fully engage with staff in an open and transparent manner as the process moves forward," he added.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ulster Bank set to exit Irish market after more than 160 yearsGoldman Sachs engaged with number of parties interested in elements of loan book Soooo what are they going to call themselves if they’re no longer in Ireland? Terribly sad news for its employees. I’ve always found them to be the friendliest staff. what is that mean for the UB customers?
Source: IrishTimes - 🏆 3. / 98 Read more »

Ulster Bank confirms exit from Irish marketUlster Bank owner NatWest has announced that it intends to begin a phased withdrawal from the Republic of Ireland over the coming years that will be managed in an 'orderly and considered manner'. Ulster says no. 😱
Source: rtenews - 🏆 1. / 99 Read more »