Ulster Bank making no comment on RBS reports

Ulster Bank is making no comment on reports that its parent company, Royal Bank of Scotland, is planning to raise between £5bn (€3.2bn) and £12bn (€7.6bn) from its shareholders.

Fri, 18 Apr, 2008 - 15:01

Ulster Bank is making no comment on reports that its parent company, Royal Bank of Scotland, is planning to raise between £5bn (€3.2bn) and £12bn (€7.6bn) from its shareholders.

RBS is aiming to counteract the effects of the credit crunch in the UK.

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