Losses worsen at Ulster Bank

Ulster Bank, which is owned by Royal Bank of Scotland, has announced a significant first-quarter loss this morning.

Losses worsen at Ulster Bank
Fri, 06 May, 2011 - 08:51

Ulster Bank, which is owned by Royal Bank of Scotland, has announced a significant first-quarter loss this morning.

The bank said losses for the first three months of 2011 were £377m (€441m), compared to €154m a year ago.

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