NatWest money laundering case linked to second trial Criminal money laundering charges against UK bank NatWest are linked to a separate case against 13 individuals based in cities across the country, prosecutors have told Reuters. Business • 22 Mar 21
NatWest money laundering case linked to second trial Criminal money laundering charges against UK bank NatWest are linked to a separate case against 13 individuals based in cities across the country, prosecutors have told Reuters. Business • 22 Mar 21
NatWest to buy back £1.1 billion of shares from UK govt NatWest will buy back £1.1 billion of its shares from the UK government in the first off-market deal since the British bank was bailed out during the financial crisis. Business • 19 Mar 21
NatWest to buy back £1.1 billion of shares from UK govt NatWest will buy back £1.1 billion of its shares from the UK government in the first off-market deal since the British bank was bailed out during the financial crisis. Business • 19 Mar 21
NatWest faces action over money laundering offences The UK financial regulator said today it had launched criminal action against a unit of NatWest over money laundering offences. Business • 16 Mar 21
NatWest faces action over money laundering offences The UK financial regulator said today it had launched criminal action against a unit of NatWest over money laundering offences. Business • 16 Mar 21
Some Ulster Bank Ireland ratings downgraded by Fitch Ratings agency Fitch has downgraded Ulster Bank Ireland's (UBI) Long-Term Issuer Default Rating and Support Rating. Business • 11 Mar 21
Some Ulster Bank Ireland ratings downgraded by Fitch Ratings agency Fitch has downgraded Ulster Bank Ireland's (UBI) Long-Term Issuer Default Rating and Support Rating. Business • 11 Mar 21
NatWest's privatisation target delayed to 2026 The British government has said it will need an extra year to fully return state-backed lender NatWest to private hands, targeting 2026 to sell its majority ownership of the bank. Business • 03 Mar 21
NatWest's privatisation target delayed to 2026 The British government has said it will need an extra year to fully return state-backed lender NatWest to private hands, targeting 2026 to sell its majority ownership of the bank. Business • 03 Mar 21
Ulster Bank defends decision on withdrawal announcement The chief executive of Ulster Bank has defended the decision of the bank and its parent NatWest not to give advance warning of its plan to withdraw from the Irish market to staff. Business • 23 Feb 21
Ulster Bank defends decision on withdrawal announcement The chief executive of Ulster Bank has defended the decision of the bank and its parent NatWest not to give advance warning of its plan to withdraw from the Irish market to staff. Business • 23 Feb 21
Too early to predict Ulster loan sale success - Donohoe Minister for Finance Paschal Donohoe has said it is too early to say if the negotiations between Permanent TSB and NatWest turn out to be successful on the possible purchase of a loan book. Business • 21 Feb 21
Too early to predict Ulster loan sale success - Donohoe Minister for Finance Paschal Donohoe has said it is too early to say if the negotiations between Permanent TSB and NatWest turn out to be successful on the possible purchase of a loan book. Business • 21 Feb 21
Ulster Bank RoI posts €255m loss for 2020 Ulster Bank's Republic of Ireland operations made a loss of €255m last year, largely due to an impairment charge taken relating to the impact of Covid-19. Business • 19 Feb 21
Ulster Bank RoI posts €255m loss for 2020 Ulster Bank's Republic of Ireland operations made a loss of €255m last year, largely due to an impairment charge taken relating to the impact of Covid-19. Business • 19 Feb 21
PTSB could double size with Ulster Bank loan purchases Permanent TSB could double in size if it secures the parts of Ulster Bank it is currently involved in talks to buy. Business • 19 Feb 21
PTSB could double size with Ulster Bank loan purchases Permanent TSB could double in size if it secures the parts of Ulster Bank it is currently involved in talks to buy. Business • 19 Feb 21
AIB in talks with Ulster Bank over €4 billion loan book AIB has confirmed that it has entered into a non-binding "Memorandum of Understanding" with NatWest to buy a €4 billion Ulster Bank portfolio of performing corporate and commercial loans. Business • 19 Feb 21
AIB in talks with Ulster Bank over €4 billion loan book AIB has confirmed that it has entered into a non-binding "Memorandum of Understanding" with NatWest to buy a €4 billion Ulster Bank portfolio of performing corporate and commercial loans. Business • 19 Feb 21
'Sad day' for Ulster Bank staff and Irish bank industry Minister for Finance Paschal Donohoe has 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 over the coming years. Business • 19 Feb 21
'Sad day' for Ulster Bank staff and Irish bank industry Minister for Finance Paschal Donohoe has 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 over the coming years. Business • 19 Feb 21
NatWest tumbles to loss of £351m for 2020 NatWest has reported a full-year loss for 2020 after Covid-19 lockdowns crunched household spending and said it will wind down its under-performing Irish arm Ulster Bank. Business • 19 Feb 21
NatWest tumbles to loss of £351m for 2020 NatWest has reported a full-year loss for 2020 after Covid-19 lockdowns crunched household spending and said it will wind down its under-performing Irish arm Ulster Bank. Business • 19 Feb 21
Ulster Bank confirms exit from Irish market Ulster Bank has announced a phased withdrawal from the Republic of Ireland over the coming years that will be managed in an "orderly and considered manner". Business • 19 Feb 21
Ulster Bank confirms exit from Irish market Ulster Bank has announced a phased withdrawal from the Republic of Ireland over the coming years that will be managed in an "orderly and considered manner". Business • 19 Feb 21
AIB and PTSB eye Ulster Bank loans ahead of decision AIB and Permanent TSB are both understood to be preparing to publicly declare an interest in portions of Ulster Bank's loan book, if NatWest gives the go-ahead for the wind down of the lender. Business • 19 Feb 21
AIB and PTSB eye Ulster Bank loans ahead of decision AIB and Permanent TSB are both understood to be preparing to publicly declare an interest in portions of Ulster Bank's loan book, if NatWest gives the go-ahead for the wind down of the lender. Business • 19 Feb 21
NatWest declines to comment on future of Ulster Bank British banking group NatWest has declined to comment on reports tonight that its board will make a decision on Thursday evening on a proposal to wind down Ulster Bank's operations in the Republic of Ireland. Business • 18 Feb 21
NatWest declines to comment on future of Ulster Bank British banking group NatWest has declined to comment on reports tonight that its board will make a decision on Thursday evening on a proposal to wind down Ulster Bank's operations in the Republic of Ireland. Business • 18 Feb 21
Bank declines meeting, committee threatens legislation The Oireachtas Joint Committee on Finance, Public Expenditure and Reform has said it may have to recommend the introduction of legislation to stop the sale of Ulster Bank's loans to foreign buyers. Business • 16 Feb 21
Bank declines meeting, committee threatens legislation The Oireachtas Joint Committee on Finance, Public Expenditure and Reform has said it may have to recommend the introduction of legislation to stop the sale of Ulster Bank's loans to foreign buyers. Business • 16 Feb 21
Ulster Bank Irish exit would impact economy - McGrath The Minister for Public Expenditure and Reform has said any decision to diminish Ulster Bank's presence in the Irish market or to withdraw completely would have a very significant impact on staff and the economy. Business • 15 Feb 21
Ulster Bank Irish exit would impact economy - McGrath The Minister for Public Expenditure and Reform has said any decision to diminish Ulster Bank's presence in the Irish market or to withdraw completely would have a very significant impact on staff and the economy. Business • 15 Feb 21
Decision time on Ulster Bank's future draws near This week could be a big one for Ulster Bank's 2,800 employees in the Republic of Ireland, its 1.1m customers, the Irish banking market and the economy in general. Business • 13 Feb 21
Decision time on Ulster Bank's future draws near This week could be a big one for Ulster Bank's 2,800 employees in the Republic of Ireland, its 1.1m customers, the Irish banking market and the economy in general. Business • 13 Feb 21
Donohoe warns of consequences of Ulster Bank withdrawal The Minister for Finance has said a sudden withdrawal by Ulster Bank from the Irish market would be "very serious" for the economy, employment and credit. Business • 09 Feb 21
Donohoe warns of consequences of Ulster Bank withdrawal The Minister for Finance has said a sudden withdrawal by Ulster Bank from the Irish market would be "very serious" for the economy, employment and credit. Business • 09 Feb 21
Uncertainty growing on Ulster Bank's future here - FSU The Financial Services Union has said uncertainty is growing over the future of Ulster Bank's operations in the Republic, following a meeting today between union officials and the chief executive of the bank, Jane Howard. Business • 04 Feb 21
Uncertainty growing on Ulster Bank's future here - FSU The Financial Services Union has said uncertainty is growing over the future of Ulster Bank's operations in the Republic, following a meeting today between union officials and the chief executive of the bank, Jane Howard. Business • 04 Feb 21
Ulster Bank staff 'furious' at lack of communication Ulster Bank staff who attended an online meeting with the Financial Services Union this afternoon, have expressed their "fury and dismay" at the lack of communication between the bank and its employees over its future, according to the FSU. Business • 03 Feb 21
Ulster Bank staff 'furious' at lack of communication Ulster Bank staff who attended an online meeting with the Financial Services Union this afternoon, have expressed their "fury and dismay" at the lack of communication between the bank and its employees over its future, according to the FSU. Business • 03 Feb 21
NatWest under fire from union at Oireachtas committee The Financial Services Union has accused the NatWest Group of using Covid-19 as cover to manufacture a crisis around the future of its Ulster Bank subsidiary here. Business • 08 Dec 20
NatWest under fire from union at Oireachtas committee The Financial Services Union has accused the NatWest Group of using Covid-19 as cover to manufacture a crisis around the future of its Ulster Bank subsidiary here. Business • 08 Dec 20
FSU urges Donohoe to raise Ulster Bank issue with Sunak The Financial Services Union said the time has come for Finance Minister Paschal Donohoe to raise concerns about the potential sale of the Ulster Bank loan book with UK chancellor Rishi Sunak. Business • 04 Dec 20
FSU urges Donohoe to raise Ulster Bank issue with Sunak The Financial Services Union said the time has come for Finance Minister Paschal Donohoe to raise concerns about the potential sale of the Ulster Bank loan book with UK chancellor Rishi Sunak. Business • 04 Dec 20
Ulster Bank's parent says strategy remains unchanged Ulster Bank (ROI) has reported an operating profit of €1m for the three months to the end of September, down from operating profits of €34m the same time last year. Business • 30 Oct 20
Ulster Bank's parent says strategy remains unchanged Ulster Bank (ROI) has reported an operating profit of €1m for the three months to the end of September, down from operating profits of €34m the same time last year. Business • 30 Oct 20
NatWest swings to profit as pandemic loan charges fall UK lender NatWest has today reported forecast-beating third quarter earnings, after setting aside a smaller cash pile in the period to deal with likely loan defaults due to the coronavirus pandemic. Business • 30 Oct 20
NatWest swings to profit as pandemic loan charges fall UK lender NatWest has today reported forecast-beating third quarter earnings, after setting aside a smaller cash pile in the period to deal with likely loan defaults due to the coronavirus pandemic. Business • 30 Oct 20
