Ulster Bank fraud probe

Ulster Bank is confident that an extension of a probe into alleged fraudulent activity by its parent, RBS — to cover its Irish operations — will find it innocent of any wrongdoing.

No timeframe has been put forward for the likely completion of the independent probe &into allegations Ulster Bank may have profited from bankrupting viable business customers.

However, the bank has said it refutes any allegations of fraud, adding that no evidence exists to alter that view.