Ulster Bank sees losses double in a year

Ulster Bank has announced a loss of £761m (€887m) in 2010, according to figures from its parent bank Royal Bank of Scotland.

The figure, which is almost double the £368m (€433m) recorded in 2009, included almost £1.2bn (€1.4bn) which was set aside for loan losses, up from £649m (€764m) in 2009.