Ulster Bank confirms Republic of Ireland closure
19/02/2021 | news | world | 140
The bank will continue to trade in Northern Ireland but there are concerns the move could impact jobs.
1
19/02/2021 10:13:29 14 4
bbc
Let's work together to protect both Ireland the UK.

Not working together is a LOSE-LOSE for both.
26
19/02/2021 11:36:29 3 6
bbc
The can only happen when politicians on both sides of the border in Ireland move on from their partisan roots. No sign of it happening.
2
19/02/2021 10:20:57 9 15
bbc
Just paving the way for reunification.
13
19/02/2021 11:13:32 10 9
bbc
Yes i would fully support the ROI rejoining the U.K
24
19/02/2021 11:34:16 1 3
bbc
Hahaha.
3
19/02/2021 10:26:13 4 10
bbc
I think this is a huge benefit to customers in the Republic. Hopefully they'll pull out of Northern Ireland too.

Ulster Bank under the ownership of NatWest are truly awful to deal with.
83
R
19/02/2021 15:52:48 1 1
bbc
If you think less competition is a benefit for customers your I'm for a nasty shock. Its the complete opposite. Theirs no incentive for those banks that remain to do anything now as customers have to like it or lump it
4
FF
19/02/2021 10:35:57 5 10
bbc
Good riddance. One of the worst if not the worst Bank I have ever dealt with. And will never again.
82
R
19/02/2021 15:50:14 0 0
bbc
So your celebrating thousands of people loosing their jobs...how disgusting
5
19/02/2021 10:37:38 4 4
bbc
The business of RBS, now Natwest Group, has been desperate, hanging on in there business since the crash
11
19/02/2021 10:59:24 5 0
bbc
Hanging on in there ? Pre 2020 profits before tax :-

2019 £4.232 billion, 2018 £3.359 billion, 2017 £2.239 billion

I'd hardly call those figures desperate !! Based on the above 2020 was a blip because of bad debt provision.
6
19/02/2021 10:36:35 3 3
bbc
Survival of the fittest!
7
19/02/2021 10:43:53 2 6
bbc
Brexit?
19
19/02/2021 11:29:56 5 4
bbc
Done and dusted.
23
19/02/2021 11:33:46 3 3
bbc
Irrelevant.

Remainer?
8
bbc
Natwest Group is toxic and criminal bank and should be allowed to fail just like any other failing business. Removed
9
19/02/2021 10:47:24 18 2
bbc
Regardless of how you feel about Ulster Bank please remember that peoples jobs are on the line here
15
FF
19/02/2021 11:15:33 6 4
bbc
Regardless of how I feel for the bank it is them who is pulling out. They are losing those people their jobs. Not customers who were incredibly unhappy with them.

A bank job is not a job for life.
28
19/02/2021 11:43:24 0 4
bbc
EU Jobs - Oh dear, What a pity, Never mind.
10
19/02/2021 10:47:15 8 9
bbc
Brexit Britain strikes again.
17
19/02/2021 11:29:03 11 6
bbc
I didn,t know the Republic of Ireland was part of Britaiin again.Where have you been over the last half dozen years banks have been closing all over and this has nothing to do with that old word Brexit.
18
Me
19/02/2021 11:29:30 5 0
bbc
Nothing to do with Brexit. It was Ulster Bank's toxic loan book that brought down RBS in the financial crash 10 years BEFORE Brexit. Vast amounts of govt bail out money that went to RBS ended up in Dublin.
https://www.irishexaminer.com/business/arid-20227538.html
21
19/02/2021 11:32:52 6 6
bbc
Tedious Remaoners complain again.
5
19/02/2021 10:37:38 4 4
bbc
The business of RBS, now Natwest Group, has been desperate, hanging on in there business since the crash
11
19/02/2021 10:59:24 5 0
bbc
Hanging on in there ? Pre 2020 profits before tax :-

2019 £4.232 billion, 2018 £3.359 billion, 2017 £2.239 billion

I'd hardly call those figures desperate !! Based on the above 2020 was a blip because of bad debt provision.
30
19/02/2021 11:47:27 0 2
bbc
On the island of Ireland
where refinancing the two traditional Irish brands favoured them commercially
12
19/02/2021 10:52:23 10 5
bbc
This bank encouraged the gullible to borrow way beyond their means and then when the crash hit they shafted them. Hundreds of businesses went to the wall due to their irresponsible behaviour and thousands lost their homes.
88
19/02/2021 16:12:15 4 1
bbc
Remarkable. Comment marked down for stating the truth. Methinks that those marking the comment down know little to nothing of the Ulster Bank's behaviour in arbitrarily repossessing property and breaking the law in many cases to do so.
2
19/02/2021 10:20:57 9 15
bbc
Just paving the way for reunification.
13
19/02/2021 11:13:32 10 9
bbc
Yes i would fully support the ROI rejoining the U.K
16
19/02/2021 11:15:08 5 4
bbc
That won’t be happening in several of your lifetimes.

Brexit was the final nail in that coffin boyo.
14
19/02/2021 11:14:35 10 10
bbc
Ulster Bank is a small offshoot of the much bigger GB wide NatWest Bank. How long before Ulster Bank closes altogether and the business consolidates around NatWest.
Welcome to Brexit Britain.
20
19/02/2021 11:32:15 10 15
bbc
Brexit is irrelevant to this. You are just a disgruntled Remainer.
29
19/02/2021 11:45:54 2 2
bbc
Have a look at this https://www.bbc.co.uk/news/business-56123129 - NatWest has issues with current levels of bad loans, that existed on their books long before Brexit - it would appear that they're reducing risk and its inability to turn a profit in the RoI
9
19/02/2021 10:47:24 18 2
bbc
Regardless of how you feel about Ulster Bank please remember that peoples jobs are on the line here
15
FF
19/02/2021 11:15:33 6 4
bbc
Regardless of how I feel for the bank it is them who is pulling out. They are losing those people their jobs. Not customers who were incredibly unhappy with them.

A bank job is not a job for life.
48
19/02/2021 12:18:16 1 0
bbc
it used to be...
13
19/02/2021 11:13:32 10 9
bbc
Yes i would fully support the ROI rejoining the U.K
16
19/02/2021 11:15:08 5 4
bbc
That won’t be happening in several of your lifetimes.

Brexit was the final nail in that coffin boyo.
22
19/02/2021 11:33:30 2 1
bbc
Is that the old favourite" Danny Boyo"?
39
19/02/2021 11:52:10 3 4
bbc
"That won’t be happening in several of your lifetimes." So much like a UI then, lol.
125
cfc
19/02/2021 21:31:15 0 1
bbc
Totally agree, no United Ireland for a long time
10
19/02/2021 10:47:15 8 9
bbc
Brexit Britain strikes again.
17
19/02/2021 11:29:03 11 6
bbc
I didn,t know the Republic of Ireland was part of Britaiin again.Where have you been over the last half dozen years banks have been closing all over and this has nothing to do with that old word Brexit.
32
19/02/2021 11:34:01 2 3
bbc
You didn’t know Brexit affected more than Britain? Is that a very deep cave you’re in?
55
19/02/2021 12:41:47 2 0
bbc
Ulster Bank is part of the RBS Group. A British registered company.
89
19/02/2021 16:13:23 2 1
bbc
'part of Britain again'. They're two separate islands.
10
19/02/2021 10:47:15 8 9
bbc
Brexit Britain strikes again.
18
Me
19/02/2021 11:29:30 5 0
bbc
Nothing to do with Brexit. It was Ulster Bank's toxic loan book that brought down RBS in the financial crash 10 years BEFORE Brexit. Vast amounts of govt bail out money that went to RBS ended up in Dublin.
https://www.irishexaminer.com/business/arid-20227538.html
33
19/02/2021 11:35:53 2 3
bbc
If it has nothing to do with it, it’s odd that it’s only happening now.

Why didn’t it happen 10 years ago?
7
19/02/2021 10:43:53 2 6
bbc
Brexit?
19
19/02/2021 11:29:56 5 4
bbc
Done and dusted.
35
19/02/2021 11:41:09 3 2
bbc
Lol

Yeah sure it is.
139
20/02/2021 18:02:56 0 0
bbc
The worst disaster ever contemplated. GBP will become worthless
14
19/02/2021 11:14:35 10 10
bbc
Ulster Bank is a small offshoot of the much bigger GB wide NatWest Bank. How long before Ulster Bank closes altogether and the business consolidates around NatWest.
Welcome to Brexit Britain.
20
19/02/2021 11:32:15 10 15
bbc
Brexit is irrelevant to this. You are just a disgruntled Remainer.
25
19/02/2021 11:36:16 4 10
bbc
True, i swear boring remoaners even blame the rain on Brexit.
31
19/02/2021 11:48:44 2 0
bbc
kind of is, and kind of isnt
it's more complex than that
additional compliance costs make shared business models more difficult to sustain
69
19/02/2021 14:04:49 2 0
bbc
I think you are right. Brexit is irrelevant. UlsterBank just needs to look at how successful the rest of the banking community is in England. My goodness, there's nearly a new Food Bank in every town and city across England. Via La Brexit!!
80
19/02/2021 15:11:17 2 2
bbc
Shameful comment, Brexit has put the cherry on the cake - best to check facts before hand.
10
19/02/2021 10:47:15 8 9
bbc
Brexit Britain strikes again.
21
19/02/2021 11:32:52 6 6
bbc
Tedious Remaoners complain again.
16
19/02/2021 11:15:08 5 4
bbc
That won’t be happening in several of your lifetimes.

Brexit was the final nail in that coffin boyo.
22
19/02/2021 11:33:30 2 1
bbc
Is that the old favourite" Danny Boyo"?
34
19/02/2021 11:36:50 1 2
bbc
No
7
19/02/2021 10:43:53 2 6
bbc
Brexit?
23
19/02/2021 11:33:46 3 3
bbc
Irrelevant.

Remainer?
2
19/02/2021 10:20:57 9 15
bbc
Just paving the way for reunification.
24
19/02/2021 11:34:16 1 3
bbc
Hahaha.
20
19/02/2021 11:32:15 10 15
bbc
Brexit is irrelevant to this. You are just a disgruntled Remainer.
25
19/02/2021 11:36:16 4 10
bbc
True, i swear boring remoaners even blame the rain on Brexit.
77
19/02/2021 14:34:36 4 1
bbc
Boring remoaners who thought about the consequences of Brexit - so how is your Irish Sea Border working out?
1
19/02/2021 10:13:29 14 4
bbc
Let's work together to protect both Ireland the UK.

Not working together is a LOSE-LOSE for both.
26
19/02/2021 11:36:29 3 6
bbc
The can only happen when politicians on both sides of the border in Ireland move on from their partisan roots. No sign of it happening.
46
19/02/2021 12:07:00 2 6
bbc
Excluding disgruntled Northern Ireland unionists it is indeed happening.
57
19/02/2021 12:46:30 2 2
bbc
‘partisan roots’. Please explain how this applies to the current Dáil coalition government. Thanks.
27
19/02/2021 11:41:19 1 4
bbc
NatWest is a loss leader and still mostly in debt to the Gov following its bailout - but it still feels its OK to give bonuses to staff despite the losses it posted this year ..... it struggled in the RoI to compete with the other 2 big banks AIB & BOI .... no surprises its cutting its losses and running ... sadly they're not concerned about peoples livelihoods and future employment possibilities
36
19/02/2021 11:49:26 4 1
bbc
That isn’t quite right. It is largely owned by the state but that does not make it ‘in debt’ to it.
9
19/02/2021 10:47:24 18 2
bbc
Regardless of how you feel about Ulster Bank please remember that peoples jobs are on the line here
28
19/02/2021 11:43:24 0 4
bbc
EU Jobs - Oh dear, What a pity, Never mind.
49
19/02/2021 12:18:57 3 0
bbc
Ulsterbank is owned by RBS which is based where, enlighten me
135
20/02/2021 11:18:26 1 0
bbc
No, the back room folks are in NI. Not (yet) part of the EU.
14
19/02/2021 11:14:35 10 10
bbc
Ulster Bank is a small offshoot of the much bigger GB wide NatWest Bank. How long before Ulster Bank closes altogether and the business consolidates around NatWest.
Welcome to Brexit Britain.
29
19/02/2021 11:45:54 2 2
bbc
Have a look at this https://www.bbc.co.uk/news/business-56123129 - NatWest has issues with current levels of bad loans, that existed on their books long before Brexit - it would appear that they're reducing risk and its inability to turn a profit in the RoI
11
19/02/2021 10:59:24 5 0
bbc
Hanging on in there ? Pre 2020 profits before tax :-

2019 £4.232 billion, 2018 £3.359 billion, 2017 £2.239 billion

I'd hardly call those figures desperate !! Based on the above 2020 was a blip because of bad debt provision.
30
19/02/2021 11:47:27 0 2
bbc
On the island of Ireland
where refinancing the two traditional Irish brands favoured them commercially
20
19/02/2021 11:32:15 10 15
bbc
Brexit is irrelevant to this. You are just a disgruntled Remainer.
31
19/02/2021 11:48:44 2 0
bbc
kind of is, and kind of isnt
it's more complex than that
additional compliance costs make shared business models more difficult to sustain
17
19/02/2021 11:29:03 11 6
bbc
I didn,t know the Republic of Ireland was part of Britaiin again.Where have you been over the last half dozen years banks have been closing all over and this has nothing to do with that old word Brexit.
32
19/02/2021 11:34:01 2 3
bbc
You didn’t know Brexit affected more than Britain? Is that a very deep cave you’re in?
42
19/02/2021 11:57:49 4 1
bbc
Bank closures were happening long before the talk of Brexit.As for the cave at least mine has light because you cannot see what has been happing in your" Dark ,damp and hollow one"
18
Me
19/02/2021 11:29:30 5 0
bbc
Nothing to do with Brexit. It was Ulster Bank's toxic loan book that brought down RBS in the financial crash 10 years BEFORE Brexit. Vast amounts of govt bail out money that went to RBS ended up in Dublin.
https://www.irishexaminer.com/business/arid-20227538.html
33
19/02/2021 11:35:53 2 3
bbc
If it has nothing to do with it, it’s odd that it’s only happening now.

Why didn’t it happen 10 years ago?
22
19/02/2021 11:33:30 2 1
bbc
Is that the old favourite" Danny Boyo"?
34
19/02/2021 11:36:50 1 2
bbc
No
40
19/02/2021 11:52:18 1 1
bbc
Sorry we were just "calling"
19
19/02/2021 11:29:56 5 4
bbc
Done and dusted.
35
19/02/2021 11:41:09 3 2
bbc
Lol

Yeah sure it is.
43
19/02/2021 12:00:27 4 1
bbc
Still dark in that cave?did you not know the result,ah well i,ll keep you in suspense then.
27
19/02/2021 11:41:19 1 4
bbc
NatWest is a loss leader and still mostly in debt to the Gov following its bailout - but it still feels its OK to give bonuses to staff despite the losses it posted this year ..... it struggled in the RoI to compete with the other 2 big banks AIB & BOI .... no surprises its cutting its losses and running ... sadly they're not concerned about peoples livelihoods and future employment possibilities
36
19/02/2021 11:49:26 4 1
bbc
That isn’t quite right. It is largely owned by the state but that does not make it ‘in debt’ to it.
45
19/02/2021 12:10:27 1 1
bbc
As I understand it NatWest is still largely "owned by the tax payers" following the bailout during the financial crisis in 2008 and technically until the bank is in a position to buy back the % owned by the tax payer/government, then they are in debt to the gov. Also they are actively servicing that debt with a payment of £200+ million as part of the banks recent payments to shareholders
37
19/02/2021 11:49:49 1 0
bbc
the pressure on counter services in the face of on-line only competition
38
19/02/2021 11:49:52 2 5
bbc
Where did that bank go that used to say "Yes" go.The banks today say yes in a different manner,yes there will be no interest on your savings and yes we will be closing your local branch
47
19/02/2021 12:14:01 3 9
bbc
Unionists should really have their own banks, shouldn’t they?

Keep ‘themmuns’ out.
78
19/02/2021 14:36:31 1 0
bbc
Note Lloyds Bank where the Black Horse has definitely "bolted" as the TV demonstrates. And the refrain "It's only just begun" is a stark reminder of more branch closures. Where money is concerned trust no one and starting with Central Bankers.
16
19/02/2021 11:15:08 5 4
bbc
That won’t be happening in several of your lifetimes.

Brexit was the final nail in that coffin boyo.
39
19/02/2021 11:52:10 3 4
bbc
"That won’t be happening in several of your lifetimes." So much like a UI then, lol.
44
19/02/2021 12:05:52 5 3
bbc
Reality check.

Have you read any news reports EVER about ROI joining the U.K. ?

Compare that to the number about the reuniting of the island of Ireland thanks to Brexit.

LOL

Lovely
56
19/02/2021 12:45:04 3 3
bbc
Why are loyalists so triggered at the moment?
34
19/02/2021 11:36:50 1 2
bbc
No
40
19/02/2021 11:52:18 1 1
bbc
Sorry we were just "calling"
41
19/02/2021 11:52:53 0 2
bbc
holds a stack of farm debt across the island
this business book has, in recent times when debts mount,
been turned over to vulture funds

potentially more woe for small farmers, then
32
19/02/2021 11:34:01 2 3
bbc
You didn’t know Brexit affected more than Britain? Is that a very deep cave you’re in?
42
19/02/2021 11:57:49 4 1
bbc
Bank closures were happening long before the talk of Brexit.As for the cave at least mine has light because you cannot see what has been happing in your" Dark ,damp and hollow one"
51
19/02/2021 12:15:16 3 1
bbc
At least you agree to being a caveman.

Lol
35
19/02/2021 11:41:09 3 2
bbc
Lol

Yeah sure it is.
43
19/02/2021 12:00:27 4 1
bbc
Still dark in that cave?did you not know the result,ah well i,ll keep you in suspense then.
Removed
39
19/02/2021 11:52:10 3 4
bbc
"That won’t be happening in several of your lifetimes." So much like a UI then, lol.
44
19/02/2021 12:05:52 5 3
bbc
Reality check.

Have you read any news reports EVER about ROI joining the U.K. ?

Compare that to the number about the reuniting of the island of Ireland thanks to Brexit.

LOL

Lovely
60
19/02/2021 13:15:14 0 0
bbc
"News Reports" Well if it's in "News Reports" it must be true, hahahaha.
96
19/02/2021 17:12:56 2 0
bbc
Is it not true to say that Ireland was only ever truly “United” under British Rule? Prior to their arrival, Ireland was populated by indigenous warring bands and regular invaders (including the Vikings, who founded Dublin). But I defer to any Irish historians out there.
126
cfc
19/02/2021 21:32:47 0 1
bbc
Stop reading those SF memos, get out a bit more.
36
19/02/2021 11:49:26 4 1
bbc
That isn’t quite right. It is largely owned by the state but that does not make it ‘in debt’ to it.
45
19/02/2021 12:10:27 1 1
bbc
As I understand it NatWest is still largely "owned by the tax payers" following the bailout during the financial crisis in 2008 and technically until the bank is in a position to buy back the % owned by the tax payer/government, then they are in debt to the gov. Also they are actively servicing that debt with a payment of £200+ million as part of the banks recent payments to shareholders
53
19/02/2021 12:31:56 3 1
bbc
You need to understand the difference between debt and equity.
26
19/02/2021 11:36:29 3 6
bbc
The can only happen when politicians on both sides of the border in Ireland move on from their partisan roots. No sign of it happening.
46
19/02/2021 12:07:00 2 6
bbc
Excluding disgruntled Northern Ireland unionists it is indeed happening.
38
19/02/2021 11:49:52 2 5
bbc
Where did that bank go that used to say "Yes" go.The banks today say yes in a different manner,yes there will be no interest on your savings and yes we will be closing your local branch
47
19/02/2021 12:14:01 3 9
bbc
Unionists should really have their own banks, shouldn’t they?

Keep ‘themmuns’ out.
67
19/02/2021 14:02:46 1 0
bbc
There was there Presbeterian bank a few years back I think.
102
19/02/2021 17:26:50 1 2
bbc
As in like a purge? What a farce. Shame on sf more and more like trump everyday.
15
FF
19/02/2021 11:15:33 6 4
bbc
Regardless of how I feel for the bank it is them who is pulling out. They are losing those people their jobs. Not customers who were incredibly unhappy with them.

A bank job is not a job for life.
48
19/02/2021 12:18:16 1 0
bbc
it used to be...
28
19/02/2021 11:43:24 0 4
bbc
EU Jobs - Oh dear, What a pity, Never mind.
49
19/02/2021 12:18:57 3 0
bbc
Ulsterbank is owned by RBS which is based where, enlighten me
90
19/02/2021 16:13:59 2 1
bbc
Not such a 'wiser' voter...
50
19/02/2021 12:19:56 1 6
bbc
So England gets Nat West, Northern Ireland gets Ulster Bank, and Scotland gets Royal Bank of Scotland. What did Wales get? More importantly, why was RBoS divided between the four countries instead of remaining a "UK" Bank?
42
19/02/2021 11:57:49 4 1
bbc
Bank closures were happening long before the talk of Brexit.As for the cave at least mine has light because you cannot see what has been happing in your" Dark ,damp and hollow one"
51
19/02/2021 12:15:16 3 1
bbc
At least you agree to being a caveman.

Lol
43
19/02/2021 12:00:27 4 1
bbc
Still dark in that cave?did you not know the result,ah well i,ll keep you in suspense then.
52
bbc
Removed
45
19/02/2021 12:10:27 1 1
bbc
As I understand it NatWest is still largely "owned by the tax payers" following the bailout during the financial crisis in 2008 and technically until the bank is in a position to buy back the % owned by the tax payer/government, then they are in debt to the gov. Also they are actively servicing that debt with a payment of £200+ million as part of the banks recent payments to shareholders
53
19/02/2021 12:31:56 3 1
bbc
You need to understand the difference between debt and equity.
54
19/02/2021 12:41:34 2 5
bbc
Some of the money from the 2009 Bailout was used to prop up the Ulster Bank, are they going to pay it back to the Irish taxpayer?
58
Me
19/02/2021 12:55:59 15 6
bbc
It was the UK taxpayer who stumped up the money that went to save RBS who sent the money to Dublin to cover the £14billion of bad debts that their Irish subsidiary Ulster Bank had run up.
66
19/02/2021 14:01:26 1 1
bbc
Wasn't Ulster Bank mixed up in all that Nama scandal a few years back as well that lost millions?
17
19/02/2021 11:29:03 11 6
bbc
I didn,t know the Republic of Ireland was part of Britaiin again.Where have you been over the last half dozen years banks have been closing all over and this has nothing to do with that old word Brexit.
55
19/02/2021 12:41:47 2 0
bbc
Ulster Bank is part of the RBS Group. A British registered company.
39
19/02/2021 11:52:10 3 4
bbc
"That won’t be happening in several of your lifetimes." So much like a UI then, lol.
56
19/02/2021 12:45:04 3 3
bbc
Why are loyalists so triggered at the moment?
61
19/02/2021 13:17:42 3 1
bbc
You don't want loyalists "Triggered" we have had enough funerals.
26
19/02/2021 11:36:29 3 6
bbc
The can only happen when politicians on both sides of the border in Ireland move on from their partisan roots. No sign of it happening.
57
19/02/2021 12:46:30 2 2
bbc
‘partisan roots’. Please explain how this applies to the current Dáil coalition government. Thanks.
93
19/02/2021 16:18:26 2 0
bbc
I can see the tumbleweed....
54
19/02/2021 12:41:34 2 5
bbc
Some of the money from the 2009 Bailout was used to prop up the Ulster Bank, are they going to pay it back to the Irish taxpayer?
58
Me
19/02/2021 12:55:59 15 6
bbc
It was the UK taxpayer who stumped up the money that went to save RBS who sent the money to Dublin to cover the £14billion of bad debts that their Irish subsidiary Ulster Bank had run up.
59
19/02/2021 13:06:44 6 3
bbc
The UK part of the Bailout was specifically to support the banks, including the Ulster Bank. The UK lent money to Ireland to support a British Bank and Ireland is due to make the final repayment next month, March 26th.
To my point above, will the Ulster Bank pay back the Irish Taxpayer, who are picking up the tab
58
Me
19/02/2021 12:55:59 15 6
bbc
It was the UK taxpayer who stumped up the money that went to save RBS who sent the money to Dublin to cover the £14billion of bad debts that their Irish subsidiary Ulster Bank had run up.
59
19/02/2021 13:06:44 6 3
bbc
The UK part of the Bailout was specifically to support the banks, including the Ulster Bank. The UK lent money to Ireland to support a British Bank and Ireland is due to make the final repayment next month, March 26th.
To my point above, will the Ulster Bank pay back the Irish Taxpayer, who are picking up the tab
63
Me
19/02/2021 13:41:07 4 3
bbc
You are incorrect. The UK loan of circa £7billion to the Irish govt was separate from the £14billion UK taxpayer funded bailout of RBS's Ulster Bank subsidiary. The Irish taxpayer did not have to pay for the Ulster Bank bailout during the financial crash of 2009 and subsequent years. The Irish taxpayer is not and never has picked up the tab, that 'privilege' belongs to the UK taxpayer.
44
19/02/2021 12:05:52 5 3
bbc
Reality check.

Have you read any news reports EVER about ROI joining the U.K. ?

Compare that to the number about the reuniting of the island of Ireland thanks to Brexit.

LOL

Lovely
60
19/02/2021 13:15:14 0 0
bbc
"News Reports" Well if it's in "News Reports" it must be true, hahahaha.
64
19/02/2021 13:39:19 2 2
bbc
Amazing cluelessness.

Impressive work. Are the blinkers fleg designed?
56
19/02/2021 12:45:04 3 3
bbc
Why are loyalists so triggered at the moment?
61
19/02/2021 13:17:42 3 1
bbc
You don't want loyalists "Triggered" we have had enough funerals.
Removed
62
19/02/2021 13:17:52 3 5
bbc
Nationalise all banks!!
59
19/02/2021 13:06:44 6 3
bbc
The UK part of the Bailout was specifically to support the banks, including the Ulster Bank. The UK lent money to Ireland to support a British Bank and Ireland is due to make the final repayment next month, March 26th.
To my point above, will the Ulster Bank pay back the Irish Taxpayer, who are picking up the tab
63
Me
19/02/2021 13:41:07 4 3
bbc
You are incorrect. The UK loan of circa £7billion to the Irish govt was separate from the £14billion UK taxpayer funded bailout of RBS's Ulster Bank subsidiary. The Irish taxpayer did not have to pay for the Ulster Bank bailout during the financial crash of 2009 and subsequent years. The Irish taxpayer is not and never has picked up the tab, that 'privilege' belongs to the UK taxpayer.
65
19/02/2021 13:56:27 3 4
bbc
He is 100% correct.

Britain’s so called bail out of Ireland was nothing of the sort. When have they ever done that? History told us quite the opposite is true.

Britain bailed out its own banks based in Dublin.
71
19/02/2021 14:08:16 4 0
bbc
The UK lent the RoI £3.25 billion, which it borrowed @3.5% and lent to the RoI @5%, so the UK made a profit on the deal and that's fair enough.
But it cost the UK taxpayer nothing. On the other hand, it cost the Irish taxpayer plenty
85
19/02/2021 16:06:47 3 3
bbc
The loan from the UK was £3.25bn. The rest of that loan was put forward by Sweden & Denmark who, like good friends do, accepted early repayment and did not impose the early settlement penalty. Unlike the UK who refused and insisted on every penny of interest being paid.
118
19/02/2021 19:21:22 1 0
bbc
RBS isn't an Irish bank.
60
19/02/2021 13:15:14 0 0
bbc
"News Reports" Well if it's in "News Reports" it must be true, hahahaha.
64
19/02/2021 13:39:19 2 2
bbc
Amazing cluelessness.

Impressive work. Are the blinkers fleg designed?
92
19/02/2021 16:17:50 3 2
bbc
Based on Stoner's mask design? He's on his way out by the way.
99
19/02/2021 17:20:28 1 1
bbc
"Amazing cluelessness." Perfect projection on your behalf.

"News reports" Lol best one eva Johnny boy.
63
Me
19/02/2021 13:41:07 4 3
bbc
You are incorrect. The UK loan of circa £7billion to the Irish govt was separate from the £14billion UK taxpayer funded bailout of RBS's Ulster Bank subsidiary. The Irish taxpayer did not have to pay for the Ulster Bank bailout during the financial crash of 2009 and subsequent years. The Irish taxpayer is not and never has picked up the tab, that 'privilege' belongs to the UK taxpayer.
65
19/02/2021 13:56:27 3 4
bbc
He is 100% correct.

Britain’s so called bail out of Ireland was nothing of the sort. When have they ever done that? History told us quite the opposite is true.

Britain bailed out its own banks based in Dublin.
68
Me
19/02/2021 14:04:48 2 3
bbc
Britain did indeed bail out the Irish based subsidiary of a UK bank as has been previously pointed out. This was a separate financial transaction from the UK govt loan to the Irish govt. The other fellow is incorrect when he says that the Irish taxpayer is picking up the tab for the Ulster Bank bail out.
70
Me
19/02/2021 14:06:48 2 3
bbc
What the Irish taxpayer is picking up the tab for is the cost of the austerity measures imposed on Ireland by those lovely people in the EU when they threw Ireland under the bus to save lots of German & French banks from going under.
54
19/02/2021 12:41:34 2 5
bbc
Some of the money from the 2009 Bailout was used to prop up the Ulster Bank, are they going to pay it back to the Irish taxpayer?
66
19/02/2021 14:01:26 1 1
bbc
Wasn't Ulster Bank mixed up in all that Nama scandal a few years back as well that lost millions?
72
Me
19/02/2021 14:12:43 1 1
bbc
NAMA (National Asset Management Agency) is the Irish govt body that manages the bad loan books of all Irish financial institutions including Ulster Bank.
86
19/02/2021 16:08:46 3 2
bbc
Yes, it most certainly was. Billions of pounds worth of loans were 'called in' resulting in a portfolio of properties which had plummeted in market value. A disgraceful episode.
47
19/02/2021 12:14:01 3 9
bbc
Unionists should really have their own banks, shouldn’t they?

Keep ‘themmuns’ out.
67
19/02/2021 14:02:46 1 0
bbc
There was there Presbeterian bank a few years back I think.
65
19/02/2021 13:56:27 3 4
bbc
He is 100% correct.

Britain’s so called bail out of Ireland was nothing of the sort. When have they ever done that? History told us quite the opposite is true.

Britain bailed out its own banks based in Dublin.
68
Me
19/02/2021 14:04:48 2 3
bbc
Britain did indeed bail out the Irish based subsidiary of a UK bank as has been previously pointed out. This was a separate financial transaction from the UK govt loan to the Irish govt. The other fellow is incorrect when he says that the Irish taxpayer is picking up the tab for the Ulster Bank bail out.
73
19/02/2021 14:11:57 3 1
bbc
Do you mean the one that has gleaned at least £400m+ of interest that the Irish government offered to pay off early but was turned down in Westminster?

Britain only took part in that as it was part of an overall EU bailout of various countries.
20
19/02/2021 11:32:15 10 15
bbc
Brexit is irrelevant to this. You are just a disgruntled Remainer.
69
19/02/2021 14:04:49 2 0
bbc
I think you are right. Brexit is irrelevant. UlsterBank just needs to look at how successful the rest of the banking community is in England. My goodness, there's nearly a new Food Bank in every town and city across England. Via La Brexit!!
65
19/02/2021 13:56:27 3 4
bbc
He is 100% correct.

Britain’s so called bail out of Ireland was nothing of the sort. When have they ever done that? History told us quite the opposite is true.

Britain bailed out its own banks based in Dublin.
70
Me
19/02/2021 14:06:48 2 3
bbc
What the Irish taxpayer is picking up the tab for is the cost of the austerity measures imposed on Ireland by those lovely people in the EU when they threw Ireland under the bus to save lots of German & French banks from going under.
63
Me
19/02/2021 13:41:07 4 3
bbc
You are incorrect. The UK loan of circa £7billion to the Irish govt was separate from the £14billion UK taxpayer funded bailout of RBS's Ulster Bank subsidiary. The Irish taxpayer did not have to pay for the Ulster Bank bailout during the financial crash of 2009 and subsequent years. The Irish taxpayer is not and never has picked up the tab, that 'privilege' belongs to the UK taxpayer.
71
19/02/2021 14:08:16 4 0
bbc
The UK lent the RoI £3.25 billion, which it borrowed @3.5% and lent to the RoI @5%, so the UK made a profit on the deal and that's fair enough.
But it cost the UK taxpayer nothing. On the other hand, it cost the Irish taxpayer plenty
66
19/02/2021 14:01:26 1 1
bbc
Wasn't Ulster Bank mixed up in all that Nama scandal a few years back as well that lost millions?
72
Me
19/02/2021 14:12:43 1 1
bbc
NAMA (National Asset Management Agency) is the Irish govt body that manages the bad loan books of all Irish financial institutions including Ulster Bank.
75
19/02/2021 14:28:49 4 2
bbc
As Peter Robinson and Jamie Bryson know all too well.
68
Me
19/02/2021 14:04:48 2 3
bbc
Britain did indeed bail out the Irish based subsidiary of a UK bank as has been previously pointed out. This was a separate financial transaction from the UK govt loan to the Irish govt. The other fellow is incorrect when he says that the Irish taxpayer is picking up the tab for the Ulster Bank bail out.
73
19/02/2021 14:11:57 3 1
bbc
Do you mean the one that has gleaned at least £400m+ of interest that the Irish government offered to pay off early but was turned down in Westminster?

Britain only took part in that as it was part of an overall EU bailout of various countries.
79
Me
19/02/2021 14:48:30 2 1
bbc
"[The Irish govt] decided not to repay the UK early as it would have led to a €200 million penalty under a break clause attached to the facility." - so not turned down in Westminster - see https://www.irishtimes.com/business/economy/ireland-repays-1-2bn-of-uk-rescue-loans-on-schedule-1.4060483
74
19/02/2021 14:20:16 3 0
bbc
The Irish Regulator demands huge Capital Provisions making it nigh on impossible for smaller Banks to make a good return on investment. Blame the Regulator and not the Bank for making this decision.
72
Me
19/02/2021 14:12:43 1 1
bbc
NAMA (National Asset Management Agency) is the Irish govt body that manages the bad loan books of all Irish financial institutions including Ulster Bank.
75
19/02/2021 14:28:49 4 2
bbc
As Peter Robinson and Jamie Bryson know all too well.
76
19/02/2021 14:32:11 0 6
bbc
Disengagement by NatWest in Ulster Bank is a logical consequence of the Annexation of Ulster into the EU and real conflicts of interest in "Regulatory Alignment".
84
19/02/2021 16:03:59 4 2
bbc
LOLZ - it's nothing of the sort.
98
19/02/2021 17:19:48 2 0
bbc
Paranoia personified. What planet are you people on - get real.
25
19/02/2021 11:36:16 4 10
bbc
True, i swear boring remoaners even blame the rain on Brexit.
77
19/02/2021 14:34:36 4 1
bbc
Boring remoaners who thought about the consequences of Brexit - so how is your Irish Sea Border working out?
97
19/02/2021 17:16:49 0 3
bbc
Great, tarrif free sales into the EU and GB, Perfect! It's amazing that you have no idea how good it is for N.I based export businesses, still it must be tough being Ginger.
38
19/02/2021 11:49:52 2 5
bbc
Where did that bank go that used to say "Yes" go.The banks today say yes in a different manner,yes there will be no interest on your savings and yes we will be closing your local branch
78
19/02/2021 14:36:31 1 0
bbc
Note Lloyds Bank where the Black Horse has definitely "bolted" as the TV demonstrates. And the refrain "It's only just begun" is a stark reminder of more branch closures. Where money is concerned trust no one and starting with Central Bankers.
73
19/02/2021 14:11:57 3 1
bbc
Do you mean the one that has gleaned at least £400m+ of interest that the Irish government offered to pay off early but was turned down in Westminster?

Britain only took part in that as it was part of an overall EU bailout of various countries.
79
Me
19/02/2021 14:48:30 2 1
bbc
"[The Irish govt] decided not to repay the UK early as it would have led to a €200 million penalty under a break clause attached to the facility." - so not turned down in Westminster - see https://www.irishtimes.com/business/economy/ireland-repays-1-2bn-of-uk-rescue-loans-on-schedule-1.4060483
81
19/02/2021 15:24:15 1 3
bbc
Who created the clause?
87
19/02/2021 16:10:06 3 2
bbc
Yes, a penalty which both Sweden & Denmark waived.
20
19/02/2021 11:32:15 10 15
bbc
Brexit is irrelevant to this. You are just a disgruntled Remainer.
80
19/02/2021 15:11:17 2 2
bbc
Shameful comment, Brexit has put the cherry on the cake - best to check facts before hand.
79
Me
19/02/2021 14:48:30 2 1
bbc
"[The Irish govt] decided not to repay the UK early as it would have led to a €200 million penalty under a break clause attached to the facility." - so not turned down in Westminster - see https://www.irishtimes.com/business/economy/ireland-repays-1-2bn-of-uk-rescue-loans-on-schedule-1.4060483
81
19/02/2021 15:24:15 1 3
bbc
Who created the clause?
95
Me
19/02/2021 16:58:40 2 0
bbc
The Irish AND UK govts when negotiating.
4
FF
19/02/2021 10:35:57 5 10
bbc
Good riddance. One of the worst if not the worst Bank I have ever dealt with. And will never again.
82
R
19/02/2021 15:50:14 0 0
bbc
So your celebrating thousands of people loosing their jobs...how disgusting
91
19/02/2021 16:15:56 0 1
bbc
Given that the republic's economy is relatively buoyant when compared to that of the UK I have no doubt that those who are made redundant will be subsumed into the growing banking sector in the republic.
3
19/02/2021 10:26:13 4 10
bbc
I think this is a huge benefit to customers in the Republic. Hopefully they'll pull out of Northern Ireland too.

Ulster Bank under the ownership of NatWest are truly awful to deal with.
83
R
19/02/2021 15:52:48 1 1
bbc
If you think less competition is a benefit for customers your I'm for a nasty shock. Its the complete opposite. Theirs no incentive for those banks that remain to do anything now as customers have to like it or lump it
76
19/02/2021 14:32:11 0 6
bbc
Disengagement by NatWest in Ulster Bank is a logical consequence of the Annexation of Ulster into the EU and real conflicts of interest in "Regulatory Alignment".
84
19/02/2021 16:03:59 4 2
bbc
LOLZ - it's nothing of the sort.
63
Me
19/02/2021 13:41:07 4 3
bbc
You are incorrect. The UK loan of circa £7billion to the Irish govt was separate from the £14billion UK taxpayer funded bailout of RBS's Ulster Bank subsidiary. The Irish taxpayer did not have to pay for the Ulster Bank bailout during the financial crash of 2009 and subsequent years. The Irish taxpayer is not and never has picked up the tab, that 'privilege' belongs to the UK taxpayer.
85
19/02/2021 16:06:47 3 3
bbc
The loan from the UK was £3.25bn. The rest of that loan was put forward by Sweden & Denmark who, like good friends do, accepted early repayment and did not impose the early settlement penalty. Unlike the UK who refused and insisted on every penny of interest being paid.
101
19/02/2021 17:25:30 1 3
bbc
If you don’t like the rules don’t screw up your economy and take the money.
66
19/02/2021 14:01:26 1 1
bbc
Wasn't Ulster Bank mixed up in all that Nama scandal a few years back as well that lost millions?
86
19/02/2021 16:08:46 3 2
bbc
Yes, it most certainly was. Billions of pounds worth of loans were 'called in' resulting in a portfolio of properties which had plummeted in market value. A disgraceful episode.
79
Me
19/02/2021 14:48:30 2 1
bbc
"[The Irish govt] decided not to repay the UK early as it would have led to a €200 million penalty under a break clause attached to the facility." - so not turned down in Westminster - see https://www.irishtimes.com/business/economy/ireland-repays-1-2bn-of-uk-rescue-loans-on-schedule-1.4060483
87
19/02/2021 16:10:06 3 2
bbc
Yes, a penalty which both Sweden & Denmark waived.
12
19/02/2021 10:52:23 10 5
bbc
This bank encouraged the gullible to borrow way beyond their means and then when the crash hit they shafted them. Hundreds of businesses went to the wall due to their irresponsible behaviour and thousands lost their homes.
88
19/02/2021 16:12:15 4 1
bbc
Remarkable. Comment marked down for stating the truth. Methinks that those marking the comment down know little to nothing of the Ulster Bank's behaviour in arbitrarily repossessing property and breaking the law in many cases to do so.
17
19/02/2021 11:29:03 11 6
bbc
I didn,t know the Republic of Ireland was part of Britaiin again.Where have you been over the last half dozen years banks have been closing all over and this has nothing to do with that old word Brexit.
89
19/02/2021 16:13:23 2 1
bbc
'part of Britain again'. They're two separate islands.
94
Me
19/02/2021 16:46:47 2 1
bbc
But the people making £14billion of bad loans were Irish lending to other Irish people in Dublin ... probably while leaning on the bar on the local GAA and avoiding compliance.
123
19/02/2021 21:05:14 0 1
bbc
But the Empire was vast at one time.
49
19/02/2021 12:18:57 3 0
bbc
Ulsterbank is owned by RBS which is based where, enlighten me
90
19/02/2021 16:13:59 2 1
bbc
Not such a 'wiser' voter...
82
R
19/02/2021 15:50:14 0 0
bbc
So your celebrating thousands of people loosing their jobs...how disgusting
91
19/02/2021 16:15:56 0 1
bbc
Given that the republic's economy is relatively buoyant when compared to that of the UK I have no doubt that those who are made redundant will be subsumed into the growing banking sector in the republic.
64
19/02/2021 13:39:19 2 2
bbc
Amazing cluelessness.

Impressive work. Are the blinkers fleg designed?
92
19/02/2021 16:17:50 3 2
bbc
Based on Stoner's mask design? He's on his way out by the way.
106
19/02/2021 17:59:42 1 1
bbc
Strolling along the beach with his wife as if butter wouldn’t melt in his mouth.

Shameful.
57
19/02/2021 12:46:30 2 2
bbc
‘partisan roots’. Please explain how this applies to the current Dáil coalition government. Thanks.
93
19/02/2021 16:18:26 2 0
bbc
I can see the tumbleweed....
89
19/02/2021 16:13:23 2 1
bbc
'part of Britain again'. They're two separate islands.
94
Me
19/02/2021 16:46:47 2 1
bbc
But the people making £14billion of bad loans were Irish lending to other Irish people in Dublin ... probably while leaning on the bar on the local GAA and avoiding compliance.
112
19/02/2021 18:29:51 2 1
bbc
There was a global recession, precipitated largely by the errant behaviour that the Ulster Bank were so masterly of. The Anglo-Irish Bank were another culprit. The Ulster Bank is part of the RBS Group and they followed bank policy...and then some. Get your facts right.

I'm confident that your mention of the GAA is nothing more than a sectarian slur.
131
19/02/2021 23:41:56 2 0
bbc
The Ulster Bank is part of RBS Group, which isn't Irish, and were applying their rules. There aren't many Irish on their board either.

Try again.
81
19/02/2021 15:24:15 1 3
bbc
Who created the clause?
95
Me
19/02/2021 16:58:40 2 0
bbc
The Irish AND UK govts when negotiating.
100
19/02/2021 17:20:46 1 1
bbc
Ergo the U.K. government. What a surprise.
44
19/02/2021 12:05:52 5 3
bbc
Reality check.

Have you read any news reports EVER about ROI joining the U.K. ?

Compare that to the number about the reuniting of the island of Ireland thanks to Brexit.

LOL

Lovely
96
19/02/2021 17:12:56 2 0
bbc
Is it not true to say that Ireland was only ever truly “United” under British Rule? Prior to their arrival, Ireland was populated by indigenous warring bands and regular invaders (including the Vikings, who founded Dublin). But I defer to any Irish historians out there.
105
19/02/2021 17:57:54 2 1
bbc
The history of Ireland is well documented. The history of English colonialism in Ireland and elsewhere is also well documented.

It has even come back to bite them as recently as this year when black Britons made their views on England’s colonial past abundantly clear.

I personally as an Irish man fully support them on that.
77
19/02/2021 14:34:36 4 1
bbc
Boring remoaners who thought about the consequences of Brexit - so how is your Irish Sea Border working out?
97
19/02/2021 17:16:49 0 3
bbc
Great, tarrif free sales into the EU and GB, Perfect! It's amazing that you have no idea how good it is for N.I based export businesses, still it must be tough being Ginger.
134
20/02/2021 09:52:07 3 0
bbc
Really - is that why the DUP & political unionism is in meltdown over their loss of sovereignty. Brexit will result in the break up of the UK...but you’ll have ‘taken back control’. Genius
76
19/02/2021 14:32:11 0 6
bbc
Disengagement by NatWest in Ulster Bank is a logical consequence of the Annexation of Ulster into the EU and real conflicts of interest in "Regulatory Alignment".
98
19/02/2021 17:19:48 2 0
bbc
Paranoia personified. What planet are you people on - get real.
64
19/02/2021 13:39:19 2 2
bbc
Amazing cluelessness.

Impressive work. Are the blinkers fleg designed?
99
19/02/2021 17:20:28 1 1
bbc
"Amazing cluelessness." Perfect projection on your behalf.

"News reports" Lol best one eva Johnny boy.
95
Me
19/02/2021 16:58:40 2 0
bbc
The Irish AND UK govts when negotiating.
100
19/02/2021 17:20:46 1 1
bbc
Ergo the U.K. government. What a surprise.