THE boss of Ulster Bank has declared the Irish lender will have an important strategic role to play for Royal Bank of Scotland following the UK’s decision to exit the EU.
Gerry Mallon told a parliamentary committee that Ulster Bank has a key role to play in RBS’s planning for Brexit, Reuters reported. “One of the things it (Brexit) does is cast a question mark over the issue of passporting of banking capability across European borders,” he said. “RBS needs to think about what its options might be... and I think we are a key and very real part of those strategic options.”
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