OPERATING losses at Ulster Bank almost doubled, last year to £761 million (€887m) — driven by a severe ratcheting up of impairment charges — but the bank is hopeful of some improvement in the second half of this year.

THE Belfast-based Northern Bank has sold its off-shore banking business in the Isle of Man to the Isle of Man Bank - part of the Royal Bank of Scotland (RBS) Group.

The Belfast-based Northern Bank today sold its off-shore banking business in the Isle of Man to the Isle of Man Bank – part of the Royal Bank of Scotland (RBS) Group.