Paschal Donohoe: Ulster Bank closure 'very difficult day for Irish banking'

Finance Minister said there are now "a number of possibilities" for other retail banks to step in to buy the financial institution

Minister for Finance Paschal Donohoe warned that any transactions hammered out by AIB and Permanent TSB with Ulster Bank could take years. Picture: Julien Behal

The closure of Ulster Bank is "a very difficult day for Irish banking" the Finance Minister Paschal Donohoe has said.

However, Paschal Donohoe has said there are now "a number of possibilities" for other retail banks to step in to buy the financial institution.