Lone Star speculation strengthens expectation of Ulster Bank departure 

Lone Star is understood to be working with advisers to study a bid for the  banks assets, which analysts say 'adds to the growing speculation that wind-down is looking more and more like the most likely option'

A decision on Ulster Bank's future in the Republic is expected to be made by owner NatWest later this month.

Lone Star is understood to be among private equity firms lining up for all or parts of Ulster Bank’s business in the Republic, heightening expectation of Ulster’s exit from the retail banking market here.

Lone Star is understood to be working with advisers to study a bid for the assets. Ulster controls a loan book of about €21bn.