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Ulster Bank's Woes

In previous posts, I have highlighted the problems faced by Ulster Bank as a result of the financial crisis. Once again, Ulster Bank (and its parent company RBS) has announced losses in excess of £1 billion (click here). At the root its problems are defaults on the property loans it made at the height of the housing boom. The big question for me is whether there are even more dramatic losses to come.  Only time will tell!  

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