Buy
Sell
Name Symbol Market Type
Royal Bank of Scotland Group PLC NYSE:RBS NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -0.06 -1.97% 2.98 3.01 2.95 3.01 894,834 16:19:58

Ulster Bank Fined EUR4.6 Million on Failures Over Mortgage Data

05/03/2020 3:42pm

Dow Jones News


Royal Bank of Scotland (NYSE:RBS)
Historical Stock Chart


From Feb 2020 to May 2020

Click Here for more Royal Bank of Scotland Charts.

By Jaime Llinares Taboada

 

The Central Bank of Ireland said on Thursday that it reprimanded and fined Ulster Bank, a subsidiary of Royal Bank of Scotland Group PLC, 4.6 million euros ($5.1 million) for failing to meet the Mortgage Arrears Resolution Targets Framework.

The Irish authority found breaches which took place between 2013 and 2015 regarding regulatory returns that were required under the MART Framework.

The Central Bank said that Ulster Bank fell far short of the governance standards applicable, but considered its full and frank admissions and comprehensive investigation into the matter as mitigating factors.

The MART was introduced in 2013 in Ireland among other measures to resolve the high volume of mortgage arrears that developed in the wake of the financial crisis.

Shares of Royal Bank of Scotland at 1502 GMT were down 7.00 pence, or 4.2%, at 161.25 pence.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

(END) Dow Jones Newswires

March 05, 2020 10:27 ET (15:27 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

1 Year Royal Bank of Scotland Chart

1 Year Royal Bank of Scotland Chart

1 Month Royal Bank of Scotland Chart

1 Month Royal Bank of Scotland Chart
ADVFN Advertorial
Your Recent History
NYSE
RBS
Royal Bank..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20200528 15:38:24