‘There is a 50% chance that this will ends in tears’

As Ulster Bank sheds 900 staff, question marks hang over the commitment of RBS and its boss Stephen Hester to Ireland, writes Kyran Fitzgerald

ULSTER Bank was quicker out of the blocks than most in the rationalising that has dominated business life since the collapse of Northern Rock in 2007.

Ulster Bank shed around 1,000 jobs as it shut down its First Active network and reduced branch size. Last year, it appeared to be in recovery mode.