Ulster Bank

Treasury written question – answered on 9th September 2013.

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Photo of Sajid Javid Sajid Javid The Economic Secretary to the Treasury

The Treasury is investigating the case for creating a so-called 'bad bank' of risky RBS assets. As part of this, HM Treasury is working closely with RBS to review the case for transferring assets out of RBS—including Ulster Bank assets—and into a new bad bank.

The Chancellor, on behalf of the Government, has met representatives of RBS including its chairman and chief executive to discuss various issues relating to RBS.

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