Ulster Bank CEO absence blasted at hearing

Ulster Bank has come under a barrage of criticism after the “unprecedented” decision of outgoing chief executive Gerry Mallon not to turn up at an Oireachtas Finance Committee investigating the lender’s part in the €1bn tracker mortgage scandal, writes Eamon Quinn.

And the Irish lender now also faces a potential new investigation into its treatment of business customers during the financial crisis after its parent RBS in the UK this week apologised for the behaviour of RBS’s former Global Restructuring Group.