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RBS's Ulster Bank to close branches after review in wake of Ireland crash

Reuters
January 5, 2013, 12:06 am TWN

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DUBLIN -- Royal Bank of Scotland's Irish unit Ulster Bank will shut nearly 10 percent of its branches, becoming the latest lender to scale back in the wake of Ireland's banking crash.

Local banks and foreign lenders servicing the Irish economy have shut branches and shed thousands of jobs since the crisis hit in 2008. Ulster has already made hundreds of redundancies and last year announced a second round of job cuts involving the departure of 950 staff. It had cut 1,000 jobs in 2009.

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