Business

[ad_1] British banking giant NatWest confirmed on Friday that it was conducting a strategy review at Ulster Bank in the Republic, after The Irish Times reported that a liquidation of the lender was being considered. “We continue to assess the impact of Covid-19 and the challenges to the economy and we are reviewing our strategy … Read more

[ad_1] The chief executive of Ulster Bank has told staff that the strategy of its parent company NatWest to grow the Republic of Ireland operations, while considering all strategic options, has not changed. In a note to staff this morning, Jane Howard described last night’s reports that NatWest is considering shutting down all Ulster Bank … Read more

[ad_1] Ulster Bank in the Republic told its 2,800-strong staff on Friday that “all strategic options” remain on the table, after The Irish Times reported that its UK parent is actively considering the liquidation of the lender, which continues struggling with low profitability more than a decade after the financial crisis. Bank CEO Jane Howard … Read more

[ad_1] US President Donald Trump’s special envoy to Northern Ireland, Mick Mulvaney, warned against creating a “hard border by accident” on the island of Ireland. British Prime Minister Boris Johnson proposes new legislation that would break Northern Ireland’s protocol to the Brexit divorce treaty that seeks to avoid a physical customs border between Northern Ireland … Read more

[ad_1] An RTÉ journalist was seen in a suit jacket and shorts combination while reporting live from Brussels yesterday. TEA editor for Europe Tony Connolly yesterday swapped his suit pants for shorts amid the scorching Belgian heat and yesterday he was seen reporting from Brussels in a stylish navy blue shirt and jacket and shorts … Read more

[ad_1] On the surface, at least, everything remains the same at Ulster Bank in the Republic. The bank’s announcement last week that it would cut 266 of its 2,800-strong workforce as it intensifies efforts to control costs came as no surprise. Revenues for banks across Europe are depressed by low interest rates, low demand for … Read more

[ad_1] Former Conservative leader Michael Howard has said a compromise between Downing Street and the secondary rebels is not enough to allow him to vote for the UK’s internal market bill in the House of Lords. Under the compromise, the clauses of the bill that violate international law by breaching the Brexit withdrawal agreement cannot … Read more

[ad_1] Tributes have been paid to Pat McDonnell, founder of the popular paint shop, after he passed away earlier this week. McDonnell passed away peacefully Tuesday surrounded by his family at Cork University Hospital. The Grenagh man opened his first store in 1977 with his wife Cora on Grattan Street before moving to Bachelors Quay. … Read more