Royal Bank of Scotland is considering merging its
troubled Ulster Bank business with Irish rivals,
according to a report.
The taxpayer-backed lender is mulling a tie-up of
Ulster with other lenders to strip out costs at the
loss-making division and help boost its position in
the Irish market, according to The Sunday Times.
It is thought that potential merger candidates
could be Permanent TSB or the Irish subsidiaries
of Danske Banke or KBC.
troubled Ulster Bank business with Irish rivals,
according to a report.
The taxpayer-backed lender is mulling a tie-up of
Ulster with other lenders to strip out costs at the
loss-making division and help boost its position in
the Irish market, according to The Sunday Times.
It is thought that potential merger candidates
could be Permanent TSB or the Irish subsidiaries
of Danske Banke or KBC.