RBS in talks on Ulster Bank investment

Royal Bank of Scotland is already in discussions with private equity firms about a possible investment in Ulster Bank, according to a person familiar with the situation.

There is a “fair amount of interest” in doing a deal, with a conclusion to negotiations possible before the bank releases its second-quarter results in July or August, said the source.

Ulster Bank will release its results for the first quarter on Friday, which are expected to show “a positive set of numbers”.