Organisation: Ulster Bank

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Organisation: Ulster Bank

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

<p> Michael Lynn had taken the stand and told his trial that the banks were aware he had multiple loans on the same properties and that this was custom and practice among bankers in Celtic Tiger Ireland. Photo: Collins Courts</p>

court and crime

Former solicitor Michael Lynn found guilty of stealing €17.9m from six banks

He was found guilty on 10 of the 21 charges against him

<p>Ulster Bank had sought to persuade the Supreme Court there were “exceptionally pressing and urgent” circumstances in light of its withdrawal from the Irish market. File photo: Sam Boal / RollingNews.ie</p>

court and crime

Ulster Bank to appeal High Court compensation ruling for tracker mortgage customers

<p>The Liffey and O'Connell Bridge by Elizabeth Cope.</p>

home and gardens

Auction of Ulster Bank Collection to raise funds for charity

Irish Banking Culture Board says level of trust in banks is still underwater

economy

Irish Banking Culture Board says level of trust in banks is still underwater

Ulster Bank to appeal tracker mortgage ruling

companies

Ulster Bank to appeal tracker mortgage ruling

Bank Stock

companies

Ulster Bank and KBC account closures slow as more branches prepare to close next week

Financial scams survey

Small firms told to be on high alert for scams as €8m lost to fraud

Irish firms were scammed out of €8m in 2022 due to a combination of invoice fraud and chief executive impersonation fraud, new figures from the Banking and Payments Federation of Ireland (BPFI) shows.

Wed, 29 Mar, 2023

Buying with smart phone

Fewer than 100 complaints over exit of Ulster Bank and KBC

Low level of complaints to banking watchdog is in contrast with criticism from Central Bank governor, who said experiences of customers switching 'leaves something to be desired'

Fri, 24 Mar, 2023

Bank Of Ireland To Close Over 100 Branches Across Ireland

Bank crisis kills prospect of rivals challenging AIB and Bank of Ireland, experts warn

The big two Irish lenders also profited from acquiring billions of euro in deposits and performing loan books following the exits of Ulster Bank and KBC Bank last year

Mon, 20 Mar, 2023

Ulster Bank and KBC account closures jump in February

Ulster Bank and KBC account closures jump in February

Banks still have 227,694 current accounts that remain open, of which 80,335 were said to be the customer’s primary account

Thu, 16 Mar, 2023

Bank Stock

Irish Examiner view: Naive to expect more from banks

Thu, 02 Feb, 2023

Almost 300,000 new current accounts opened this year in Ireland

Small amount of 20,000 still open Ulster Bank accounts contain more than €10,000

The bank's CEO Jane Howard told an Oireachtas committee: “One says ‘we’re not going to go until you make us’."

Wed, 01 Feb, 2023

50,000 KBC and Ulster bank customers still to find new bank, committee to hear

50,000 KBC and Ulster bank customers still to find new bank, committee to hear

In statements to the Oireachtas Finance Committee, the Bank CEOs will say thousands of the still active accounts are run by people described as 'vulnerable'

Wed, 01 Feb, 2023

Union calls for regulator to delay Ulster Bank closure

Union calls for regulator to delay Ulster Bank closure

Central Bank could yet step in and insist that exiting bank gives more time for customers

Wed, 25 Jan, 2023

13% of remaining customers with exiting banks yet to open current account elsewhere

13% of remaining customers with exiting banks yet to open current account elsewhere

KBC and Ulster Bank are currently in the process of exiting the retail banking market in the Republic of Ireland, forcing hundreds of thousands to use accounts elsewhere.

Fri, 20 Jan, 2023

General Economy And Retail As Ireland Prepares For Bailout Exit

AIB cleared to acquire Ulster Bank's €5.7bn tracker mortgages

The decision brings an end to the competition authority's role in examining the impact of the transfer of assets from Ulster Bank and KBC

Fri, 13 Jan, 2023

Hospital surgery corridor

HSE board had not signed off on winter plan

The HSE's board had not seen the organisation's €169m winter plan before it was published, and expressed concerns about commitments made in it at a board meeting two weeks after publication.

Fri, 16 Dec, 2022

Locals’ disbelief at Barry Harte’s record €170m personal insolvency deal in High Court

Locals’ disbelief at Barry Harte’s record €170m personal insolvency deal in High Court

“We see the Land Rover going in and out, but that’s about it,” says a neighbour of Barry Harte in the quiet West Cork village of Timoleague.

Sat, 03 Dec, 2022

Ulster Bank in Ireland

Ulster Bank's owner sets out timelines for its loan transfers to AIB and Permanent TSB

NatWest says it has started transferring some of €4.2bn in Ulster commercial loans, and a further €2.8bn of commercial loans that have not been drawn down

Fri, 28 Oct, 2022

A Branch of the Ulster Bank, Roscommon, West of Ireland

Ulster Bank appeals decision on compensation for three customers in tracker controversy

The outcome of the three cases may have a bearing for thousands of other borrowers from the bank who were on trackers

Thu, 13 Oct, 2022

Ulster Bank in Ireland

Ulster Bank reveals businesses are slow to switch due to 'complexity' of process

There are often several documentation requirements for a business looking to switch bank.

Wed, 21 Sep, 2022

A quarter of Ulster and KBC accounts have been closed

A quarter of Ulster and KBC accounts have been closed

€11bn in 941,000 accounts remains on deposit with both banks as they plan their exit from the Irish market

Fri, 09 Sep, 2022

Ulster Bank warns its 75,000 credit card customers about €30 duty tax

Ulster Bank warns its 75,000 credit card customers about €30 duty tax

Bank will write to customers about its closure plans

Tue, 09 Aug, 2022

FILE PHOTO Permanent TSB has formally agreed to acquire €7.6 billion worth of assets from Ulster Bank Ireland END

PTSB reassures Ulster customers but banking industry concerns remain over huge switch

Permanent TSB said it is setting up mobile facilities, “pop-up” banks, and is placing its own staff in the 25 Ulster Bank branches

Wed, 27 Jul, 2022

Permanent TSB fined 21 million euros

Permanent TSB pledges to complete Ulster Bank mortgage deal this year as it posts €36m loss

Losses are linked to the costs the bank has taken on to absorb the mortgage loans and branches from Ulster Bank

Wed, 27 Jul, 2022

A Branch of the Ulster Bank, Roscommon, West of Ireland

Digital bank Starling 'pulls plan to enter Irish market'

CEO Anne Boden told staff that an Irish subsidiary would not deliver the added value Starling is seeking, Sky News is reporting

Mon, 18 Jul, 2022

High Court allows farmer to keep €1.8m farm under debt restructuring plan

High Court allows farmer to keep €1.8m farm under debt restructuring plan

Under the arrangement, Fergus O’Connor will keep €1.8 million worth of farming assets, including land and sheep, as well as his €230,000 family home which sits on seven acres of land

Wed, 13 Jul, 2022

Happy couple and their insurance agent analyzing paperwork during a meeting.

Here's how to go about changing your bank or switching your mortgage — you could save €10,000

The exodus of two major banks from Ireland may be a lucrative opportunity for banking customers

Wed, 06 Jul, 2022

File photo AIB has agreed a deal with Ulster Bank to buy about Û4.2 billion of its performing corporate and commercial loans. En

Ulster Bank and KBC exits may hinder access to SME funding

Chartered Accountants Ireland urges Government to review why two big retail banks decided to quit the Irish market

Tue, 05 Jul, 2022

Only 220,000 bank customers have switched as Ulster and KBC prepare to shut million accounts

Only 220,000 bank customers have switched as Ulster and KBC prepare to shut million accounts

Five main retail banks launch a new website, movingaccount.ie, to bring hundreds of thousands of people through the steps they need to take to sort out their bank accounts

Tue, 05 Jul, 2022

Retrial of Michael Lynn for alleged €27m theft from seven banks set for next year

Retrial of Michael Lynn for alleged €27m theft from seven banks set for next year

The former solicitor had told his trial that he had “secret deals” with a number of bankers

Mon, 20 Jun, 2022

Jury fails to reach verdict in former solicitor Michael Lynn's €27m theft trial

Jury fails to reach verdict in former solicitor Michael Lynn's €27m theft trial

Judge Nolan adjourned the matter until June 20

Wed, 01 Jun, 2022

'You may like or dislike Michael Lynn...but he is entitled to a fair trial,' judge tells jury

'You may like or dislike Michael Lynn...but he is entitled to a fair trial,' judge tells jury

The defence for former solicitor Michael Lynn said: “It's ironic a man who pays his bills is being accused of dishonesty.”

Fri, 27 May, 2022

MICHAEL LYNN

Michael Fingleton's 'right-hand man' claims Michael Lynn lied about meeting him

A former senior Irish Nationwide banker said: “If one was on friendly terms with Mr Fingleton, there may have been some leeway.”

Tue, 24 May, 2022

MICHAEL LYNN

Bankers deny Michael Lynn's 'ludicrous' secret deals claim in €27m theft trial

One banker told the court an allegation by Mr Lynn that he received money from him was “categorically false”.

Mon, 23 May, 2022

Michael Lynn's wife didn't know if he was 'dead or alive' in Brazilian prison, court told

Michael Lynn's wife didn't know if he was 'dead or alive' in Brazilian prison, court told

Ms Murphy told the court the Brazilian prison guards did "not enter the prison as they are afraid of the prisoners”.

Thu, 19 May, 2022

Website screenshots

Banks told 'do more' to protect 1m customers who could be left in limbo

Focus of efforts should be on helping vulnerable customers, bankers told

Tue, 17 May, 2022

Ulster Bank in Ireland

Ulster Bank writes to customers of its pension and investment products about closure

There are, nonetheless, widespread concerns about the support available for customers in switching out of Ulster and KBC Bank

Fri, 13 May, 2022

MICHAEL LYNN

Michael Lynn defends move not to 'reveal his hand' about alleged secret deals with bankers

Mr Lynn also told the court he gave what he described as a €5,000 to €10,000 “spending money / bonus” to senior bankers, including Michael Fingleton

Fri, 13 May, 2022

Brazil prison 'like something from Game of Thrones', Michael Lynn tells court

Brazil prison 'like something from Game of Thrones', Michael Lynn tells court

The former solicitor said the Brazil prisons "are run by prisoners" and described how he saw one inmate beheaded by other convicts

Thu, 12 May, 2022

Permanent TSB fined 21 million euros

Permanent TSB's plan to acquire €7.6bn in Ulster Bank loans set for full competition probe

The CCPC has already submitted plans by Bank of Ireland to acquire €9bn in mortgage loans from KBC to a full Phase 2 investigation.

Tue, 10 May, 2022

Michael Lynn: If I had come up with a 'witches' brew' the banks would have caught it

Michael Lynn: If I had come up with a 'witches' brew' the banks would have caught it

The former solicitor said this practice was going on as far back as 2003 when he had a similar arrangement with Bank of Ireland

Mon, 09 May, 2022

Michael Lynn 'was constantly travelling' for two years instead of running his solicitor practice

Michael Lynn 'was constantly travelling' for two years instead of running his solicitor practice

The former solicitor recalled being at meetings with people like Albert Reynolds, who was chairman of one such client, Cunningham Property

Fri, 06 May, 2022

FILE PHOTO Permanent TSB has announced pre-tax losses of €166 million last year, as Chief Executive Eamonn Crowley claims there

Permanent TSB on course to clinch €7.6bn loans deal with Ulster Bank 'in fourth quarter'

AIB plans to get most of the rest of the Ulster loan books

Tue, 03 May, 2022

For customers, exit of CEO McDonagh likely the least of their worries over Irish banking

For customers, exit of CEO McDonagh likely the least of their worries over Irish banking

Irish banking is facing a new mess where customers are the perpetual losers as Ulster Bank and KBC exit and the big two tighten their hold on our money

Mon, 02 May, 2022

Mature woman holding paper bill using calculator managing finances at home.

Changing account — don't bank on it being easy

The exit from the Irish market of a number of high-profile banks has left thousands of customers needing to work out how they can transfer their current accounts to other banks

Sat, 30 Apr, 2022

Michael Lynn's colleague was unaware of details of his borrowings, €27m theft trial told

Michael Lynn's colleague was unaware of details of his borrowings, €27m theft trial told

Ms McAleenan agreed with defence counsel that she had been in partnership negotiations with Mr Lynn, but said she was “never a partner”.

Thu, 31 Mar, 2022

Solicitor tells Michael Lynn trial 'alarm bells rang' over property correspondences

Solicitor tells Michael Lynn trial 'alarm bells rang' over property correspondences

The solicitor was recommended by another solicitor, and possibly the Law Society, to leave Michael Lynn's practice immediately

Wed, 30 Mar, 2022

Solicitor tells trial she never acted for Michael Lynn in purchase of €5.5m property

Solicitor tells trial she never acted for Michael Lynn in purchase of €5.5m property

The solicitor said it was possible someone had accessed her computer while she was at lunch or in court as it was not password protected

Tue, 29 Mar, 2022

Signature of Michael Lynn employee was forged a number of times, €27m theft trial told

Signature of Michael Lynn employee was forged a number of times, €27m theft trial told

Fiona McAleenan told Michael Lynn's trial that she never gave anyone permission to forge her signature on a number of documents

Mon, 28 Mar, 2022