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Sunday 26 March 2023 Dublin: 7°C

# Ulster Bank

All time
# Bad Bank
Ulster Bank assets to be transferred to RBS 'bad bank'
The UK taxpayer rescued RBS says it will conduct a review of Ulster Bank “for supporting the Northern Irish and Irish economies”.
# Banking Sector
Five Irish banks included in ECB stress-test plans
Bank of Ireland, AIB, Merrill Lynch International Bank, Ulster Bank and Permanent TSB have all been named on a list of 128 banks to take part in the process.
# Construction
First rise in construction sector since 2007
The survey finds that employment stabilised in the Irish construction sector.
# liquidator
169 jobs on the line as liquidator appointed to Limerick jewellery company
A liquidator has been appointed to Andersen Ireland after financial losses at the company.
# Construction
The construction industry is moving closer to stabilisation
That is according to the latest Ulster Bank Construction Purchasing Managers’ Index.
# Finance committee
Bankers' answers on Priory Hall prompt "massive worry" among residents
AIB boss David Duffy said this week the bank would pull out of a process aimed at reaching a solution for all of the residents, and try and reach deals with just its own customers.
# News Fix
Here’s What Happened Today: Wednesday
Everyone’s talking about Enda Kenny promising to act on Priory Hall and the death of Ariel Castro.
# Finance committee
Ulster Bank CEO: ‘It costs money to live in a house’… TDs: ‘We know’…
Members of the Oireachtas Finance Committee took exception to Jim Brown’s repeated assertion this afternoon that “there is a cost to living in a home”.
# Bouncing Back
Ulster Bank says its customer deposits are up 12 per cent since IT meltdown
The bank’s CEO is insisting such a problem won’t happen again as the “root causes” have been fixed.
# Banks
LIVE: Ulster Bank chief Jim Brown faces Finance Committee
TDs and Senators are grilling the bankers on mortgage arrears and other issues this week. It’s Ulster Bank’s turn this afternoon.
# Richie Boucher
Finance Committee to press BoI chief on banking inquiry response
Bank of Ireland’s response to a Michael Noonan letter on preservation of records was “measured at best, reserved at worst” according to committee chairman Ciarán Lynch.
# Banking
Some Ulster Bank customers 'unrealistic' about technical glitch compensation
The Financial Services Ombudsman has said other institutions could learn from Ulster Bank’s handling of its ‘technical glitch’ last year.
# Summer is over
TDs and Senators coming back next week to grill bankers over mortgage arrears
TDs and Senators on the Oireachtas Finance Committee will grill the heads of the main Irish banks next week.
# Ulster Bank
Ulster Bank has lost €387 million so far this year
Mortgage arrears of over 90 days have fallen quarter-on-quarter for the first time since June 2008 at Ulster Bank, but the bank’s chief executive warned customers not to ignore their problems.
# News Fix
Here’s What Happened Today: Tuesday
Everyone’s talking about the abortion legislation passing the Seanad, Magdalene laundries, and Katy French’s inquest.
# Banking
Ulster Bank introduces new overdraft fees
The bank has announced a €25 annual fee for certain customers.
# distressed property
Developer being pursued by Ulster Bank among protest group that halted Allsop auction
A group of protesters forced the cancellation of the distressed property sale at Dublin’s Shelbourne Hotel, after gaining access to the auction room.
# Banking
Ulster Bank to close 39 branches
Workers described the announcement as a “bolt from the blue” but the bank has insisted there will be no new job losses.
# Broke in the USA
Seán Dunne bankruptcy case adjourned for three weeks
Ulster Bank is awaiting the outcome of an appeal on a US court ruling before it can serve the property developer in Ireland.
# Ulster Bank
British chancellor hints at Ulster Bank sell-off
George Osborne told bankers last night that a review is to be carried out into breaking up Royal Bank of Scotland, Ulster Bank’s parent company.
# Bankers
Senior bankers who put taxpayers' money at risk should be jailed
A report by a parliamentary commission on banking in the UK has recommended widespread reform to the sector.
# Mortgages
Back for good? Irish lenders promoting 90 per cent mortgages
KBC Bank is now actively seeking candidates for 90 per cent loans, but did you know other lenders are making similar offers?
# Bailout
A British newspaper claims Ireland got a £10bn 'back-door bailout' from the UK
The Times reports that the UK’s £45 billion bailout of Ulster Bank’s parent Royal Bank of Scotland five years ago amounts to an ‘injection into the Republic’.
# Bankruptcy
How Sean Dunne could be declared bankrupt in Ireland... and in the US
A court ruling in the US is a blow to the former property developer who owes millions to Ulster Bank.
# Banking
British government 'wants Ireland to buy Ulster Bank' - report
The BBC says the Treasury will give up ownership of Ulster Bank in exchange for the British loans currently held by NAMA.
# Bankrupt
Bankrupt developer Sean Dunne reveals liabilities of €718 million
The bankruptcy filing also reveals that he has an average monthly income of €17,000 per month.
# Turning a corner?
Ulster Bank lost €1,500 a minute in the first three months of 2013
The British-owned bank continued to post an operating profit – but saw its gains worn away as it wrote off €285m of debts.
# Bank Charges
Ulster Bank drops free banking with €4 monthly charge for current accounts
Ulster Bank will charge €4 a month for current accounts from July – unless customers keep minimum balances or lodge certain amounts.
# Sean Dunne
Sean Dunne declares bankruptcy in US
The former property devleoper filed for bankruptcy at a Connecticut court on Friday, citing assets of between $1 – 10 million and debts in the region of $500 million – $1 billion.
Voices
Column: New restructuring targets for banks don't go far enough to help distressed borrowers
Banks need strict supervision – they have crippled us and can’t be allowed run free, writes David Hall.
# Construction
Construction activity continues to fall as decline in unemployment eases
The weakest fall in activity was seen on housing projects and commercial and civil engineering each saw a slightly quicker reduction in activity.
# technical glitch
Ulster Bank ATM services 'running as normal'
The bank has apologised to customers impacted by a glitch that also affected RBS and NatWest in the UK.
# Ulster Bank
Ulster Bank apologises for customer problems
The bank took to Twitter to apologise after customers reported they could not access their accounts using ATMs.
# Ulster Bank
Ulster Bank parent company lost nearly €6bn in 2012
Royal Bank of Scotland, which is majority owned by the British government, took a £5 billion charge for loan impairments last year.
# need to know
The Evening Fix... now with added sad moments in films
Here’s all the things we learned, loved and shared today.
# Ulster Bank
'Under-collection error' means 1,300 Ulster Bank customers face €41m bill
Mortgage customers at the bank were under-charged in recent years resulting in the shortfall that will now need to be repaid by these customers. The bank has apologised.
# Bailout
State-owned British banks ‘bailed out Irish ones by €16bn’ – report
The Sunday Telegraph says a quarter of the British taxpayer’s bailouts of RBS and Lloyds has gone to Ireland.