Advertisement
This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
OK
Dublin: 8 °C Tuesday 31 March, 2020

#Ulster Bank

From TheJournal.ie Ulster Bank loses €381m in first quarter of 2012 Ulster Bank

Ulster Bank loses €381m in first quarter of 2012

Irish banking operations are a major drain on RBS’s global operations, with the Irish banking sector remaining “challenging”.

From The42 Bateman Cup: Garryowen to face Ballymena in final Silverware

Bateman Cup: Garryowen to face Ballymena in final

The two sides will meet at Templeville Road, home to league champions St Mary’s, on Saturday afternoon.

From The42 All change: Clontarf blow chance to clinch league title as St Mary’s snatch win Switcheroo

All change: Clontarf blow chance to clinch league title as St Mary’s snatch win

A double from Darren Hudson and a superb score from Conor Hogan was enough for a leadership change in the UBL

From TheJournal.ie New AIB regime will mean transaction fees for thousands Free Banking

New AIB regime will mean transaction fees for thousands

A new regime taking effect in two months will mean customers with less than €2,500 in the bank will face transaction charges.

From TheJournal.ie Laois homeowner who stopped the sheriff left 'demoralised' after eviction Evicted

Laois homeowner who stopped the sheriff left 'demoralised' after eviction

Campaigners were able to stop Lee Wellstead from being evicted last month but the 47-year-old is today homeless after the sheriff made a successful second eviction attempt yesterday.

From TheJournal.ie Ireland will outperform eurozone despite dip in exports - Ulster Bank Mini Budget

Ireland will outperform eurozone despite dip in exports - Ulster Bank

Ulster Bank also says we could be presented with the need for a mini-Budget, but advises against introducing one.

From TheJournal.ie Prime numbers: the week in stats In Numbers

Prime numbers: the week in stats

How many Irish towns are ‘clean’? How much for an e-voting machine? And just how hard can a Sudoku be?

From TheJournal.ie The Daily Fix: Thursday Daily Fix This post contains videos

The Daily Fix: Thursday

In tonight’s fix: A bad day for jobs, a good day for the government – and for some primary teachers, and which important group want help from JobBridge interns?

From TheJournal.ie Ulster Bank to cut 600 jobs in the Republic Ulster Bank

Ulster Bank to cut 600 jobs in the Republic

The bank will shed 950 jobs in its Irish operation – North and South of the border.

From TheJournal.ie The 9 at 9: Thursday 9 At 9

The 9 at 9: Thursday

Nine things you need to know this morning…

From TheJournal.ie Hundreds of job losses expected at Ulster Bank Jobs

Hundreds of job losses expected at Ulster Bank

There are fears that more than 500 staff could be axed at the Irish arm of the UK-owned bank.

From TheJournal.ie Ulster Bank says it won't comment on potential job cuts Ulster Bank

Ulster Bank says it won't comment on potential job cuts

There is speculation that the British-owned bank could be about the shed jobs from its 5,000 strong workforce

From TheJournal.ie Taoiseach urges banks to pass on interest rate cut Bankers

Taoiseach urges banks to pass on interest rate cut

The ECB has announced a cut in interest rates – but AIB, Ulster Bank and National Irish Bank have all said they won’t pass on the cut to mortgage customers.

From TheJournal.ie The 5 at 5: Monday Take 5

The 5 at 5: Monday

5 minutes, 5 stories, 5 o’clock…

From TheJournal.ie Ulster Bank lost €925m in deposits when Bank Guarantee kicked in Ulster Bank

Ulster Bank lost €925m in deposits when Bank Guarantee kicked in

The Irish arm of RBS lost £732 million in deposits in the four days after the government guaranteed its native competitors.

From TheJournal.ie Five banks not passing on full ECB rate cut to mortgage customers Mortgages

Five banks not passing on full ECB rate cut to mortgage customers

The ECB yesterday announced a 0.25 per cent cut in its base rate which will kick in from 14 December – but not for all Irish mortgage holders…

From TheJournal.ie Gilmore urges other banks to follow AIB with rate cut Rate Cut

Gilmore urges other banks to follow AIB with rate cut

The Tánaiste has called on Bank of Ireland and Ulster Bank to also pass on the ECB rate reduction to mortgage customers.

From TheJournal.ie Government may 'take action' against banks not passing on mortgage rate cut Banks

Government may 'take action' against banks not passing on mortgage rate cut

Bank of Ireland, Ulster Bank and AIB will not pass on the recent ECB rate cut to homeowners, it has emerged.

From TheJournal.ie Two banks will pass on ECB interest rate cut to mortgage holders Interest Rates

Two banks will pass on ECB interest rate cut to mortgage holders

But aside from Permanent TSB and KBC Bank Ireland, what are the other banks doing?

From TheJournal.ie Amnesty International ‘regrets’ accusing Aviva of investing in cluster bomb-makers Cluster Bombs

Amnesty International ‘regrets’ accusing Aviva of investing in cluster bomb-makers

Human rights group forced into U-turn after statement this morning was found to have ‘out-of-date information’ on Aviva.

From TheJournal.ie Ulster Bank to repay thousands after credit card error Bank Error

Ulster Bank to repay thousands after credit card error

Customers will receive a small sum each after the bank failed to honour its own introductory offers.

From TheJournal.ie Mortgage holders to be hit with repayment increases as Ulster Bank raises rates Mortgages

Mortgage holders to be hit with repayment increases as Ulster Bank raises rates

The bank has announced an increase on the standard variable rate by 0.6 per cent, the second rise by Ulster Bank this year which it blamed on higher funding costs.

From TheJournal.ie The Daily Fix: Friday Daily Fix

The Daily Fix: Friday

In today’s fix: Greece considers euro pull out; public sector workers in decline; a recession warning from Doctor Doom; Enda and Muhammad; the price of gas and electricity may rise; Eamon Ryan and a helicopter; and the calmest man ever?

From TheJournal.ie Ulster Bank posts €441m loss for first three months of 2011 Ulster Bank

Ulster Bank posts €441m loss for first three months of 2011

Provisions for bad loans and support for mortgage customers drag down profits at the Irish subsidiary of RBS.

From TheJournal.ie The 9 at 9: Tuesday 9 At 9

The 9 at 9: Tuesday

Nine things to know, including: New Zealand earthquake kills 65; GE11 campaign focuses on children and jobs; Vancouver ranked best city to live in; and scientists develop cancer-inhibiting enzyme.

From TheJournal.ie High Court orders ten homes repossessed after some owners fail to appear Mortgages

High Court orders ten homes repossessed after some owners fail to appear

Ten homes have been placed under repossession orders after owners failed to make repayments – meanwhile, AIB is expected to raise variable mortgage interest rates.

From TheJournal.ie Garda appeal over Camden Street bank robbery Robbery

Garda appeal over Camden Street bank robbery

Two men arrested following robbery of undisclosed sum of cash from Ulster Bank.

From The42 Ulster Bank likely to be revealed as new AIL sponsor Forward Thinking

Ulster Bank likely to be revealed as new AIL sponsor

IRFU set to announce replacement for long-standing partners AIB.

From TheJournal.ie 2010 in review: August Review2010 This post contains videos

2010 in review: August

Authorities approve a mosque near Ground Zero, a Chilean mine collapses, and a Coventry woman puts a cat in a wheelie bin.

From TheJournal.ie Ulster Bank loses €201m between July and September Ulster Bank

Ulster Bank loses €201m between July and September

The Irish operations of the Royal Bank of Scotland report significant losses for the third quarter.

A COURT ACTION by Ulster Bank seeking to recoup €13.6m in loans from a group of four men that includes former Irish Nationwide CEO Michael Fingleton has been adjourned for two weeks. Justice Peter Kelly adjourned the matter to allow Ulster Bank explain the steps it had taken to recoup the loans before initiating the action, according to RTÉ.

From TheJournal.ie Ulster Bank apologises for staff members' GAA jerseys Orange Order

Ulster Bank apologises for staff members' GAA jerseys

The bank apologises after the Orange Order complains about staff wearing Down shirts before the All-Ireland final.

UNEMPLOYMENT WILL RISE to 14% by the end of this year, according to the latest economic forecast by Ulster Bank.

Although the overall outlook shows positive signs for an export-led recovery in the Irish economy, Ulster Bank predicts that unemployment will rise slightly during 2010. That figure is expected to peak at 14% at the end of the year, and then begin to reduce in 2011.

The report stated:

On the jobs front, the labour market is set weaken further in the short term: employment probably has further to fall, though at a reduced pace compared with heretofore, while the unemployment rate is set to peak between 13.5 and 14% later this year, from 12.9% in Q1.

The report outlines that as the nature of the recovery in Ireland’s economy will be led by exports, this will probably not have a significant impact on employment as “export growth is not labour-intensive”.

Ulster Bank states that the cost of recapitalising Anglo Irish Bank is weighing “very heavily” on investor sentiment, and that several more years of fiscal tightening will be required because of the scale of the national deficit.

The banks stressed that “it is extremely important for the Irish authorities to provide clarity as soon as possible around the future plans for Anglo, and the ultimate total cost thereof to the exchequer”.

UNEMPLOYMENT IN Northern Ireland is set to rise but even after growth of 11.8% in the past year, unemployment in the North doesn’t even come close to the levels in the south.

Over the last month The North recorded its highest increase in unemployment with an extra 800 people signing on in July – bringing the total number claiming benefits to 56,800 but that figure is set to rise by over 70,000 according to Ulster Bank chief economist Richard Ramsey.

The North’s rate of unemployment now stands at 5.4% – its highest rate since June 1999 and substantially higher than the 4.5% rate in the UK. The figure however dwarfs the rate of unemployment in the south of the country which stands at 13.3%.

TAXPAYERS IN BRITAIN AND IRELAND have taken majority control of the Arnotts department store after the European Commission gave its approval to the proposed takeover of the store.

Arnotts owes approximately €300m to Anglo Irish Bank and Ulster Bank, with state-owned Anglo claiming about 55% of the debt – meaning that the store owes about €37 to every man, woman and child in the state.

With Ulster Bank owned by Royal Bank of Scotland, which in itself is in public ownership in Britain, the remaining 45% of the company is now under British state control, with the company owing about €2.19 to each person resident within the UK.

The Commission yesterday gave the takeover its approval, saying the takeover would not impede fair retail competition.

Leading retail specialist Mark Schwartz, chief executive of Palladin Capital Group, is expected to be appointed chairman of the store’s new board, having worked closely with both the banks and the store in the last months.

The banks will likely make their appointments to the board in the coming weeks.

In a statement issued by Anglo last night the banks said they were “committed to Arnotts” and that they would not meddle in the day-to-day management of the store.

“They will not be involved in the management of the company but are taking the necessary steps to ensure that the company will be run by experienced professionals in the best long term interests of the staff, suppliers and importantly, its customers,” they said.

The trade union Mandate says it looks forward to working with the store’s new management.

THE BRITISH OWNER of Ulster Bank, Royal Bank of Scotland, has recorded a pre-tax profit of €1.37 billion for the first six months of the year – but has seen losses in its Irish operations rise massively.

Ulster Bank reported operating profits of €223m for the first six months of the year but wrote off a massive €601m in impaired loans to record an operating loss of  €378m for the combined first and second quarters.

By comparison, its operating losses for the same six months were €9.6m while its provision for impaired loans was €189m.

Although the day-to-day business is still in significant profit, the bank’s earnings are obliterated by the volume of its loans which it believes it won’t ever receive back.

The results come just two days after AIB announced similarly impaired results, having lost €963m in loans transferred to NAMA and seeing massive losses on loans written off as it posted a €2bn pre-tax loss for the first six months.

They also come a week after the bank – along with Anglo Irish Bank – moved to take control of the Arnotts department store, which is believed to owe Ulster Bank up to €144m.

Releasing the results, the bank said that economic conditions remained challenging with its customers’ credit quality being hit by the continued pressure on property prices.

1 2 3 4 5 6 7