Ulster Bank fiasco to continue until at least end of week

The fiasco at Ulster Bank will continue until at least the end of this week, with the beleaguered institution admitting it is having difficulties clearing the “unprecedented” backlog.

Despite taking the drastic step of opening 20 branches across the country yesterday and staff working around the clock, Ulster Bank will miss its self-imposed deadline of today for the restoration of services.

The bank claimed over the weekend that it had fixed the original technical issue, but admitted it is having difficulties clearing the backlog in unprocessed transactions. However, in a statement last night, a spokeswoman admitted the problems are likely to continue until towards the end of this week.