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BOSI & Ulster Bank and distressed property mortgages etc

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  • 11-11-2011 10:37am
    #1
    ronan45
    Registered Users Posts: 1,584 ✭✭✭


    zac8 wrote: »
    The last three auctions have been mostly bank of scotland repossessions. Not sure if that's the case for this auction.

    Bank of Scotland is that the same entity as Ulster bank?


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    #2
    I am a friend
    Closed Accounts Posts: 2,479 ✭✭✭I am a friend


    ronan45 wrote: »
    Bank of Scotland is that the same entity as Ulster bank?

    No - Ulster Bank are owned by Royal Bank of Scotland....


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    #3
    ronan45
    Registered Users Posts: 1,584 ✭✭✭ronan45


    I am a friend wrote: »
    No - Ulster Bank are owned by Royal Bank of Scotland....

    Ah ok I didnt realise Bank of scotland gave out many mortgages in Ireland never really noticed any of their branches around :cool:


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    #4
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    ronan45 wrote: »
    Bank of Scotland is that the same entity as Ulster bank?

    RBS (Royal Bank of Scotland), BOSI (Bank of Scotland, Ireland) and Ulster Bank- are all members of the Royal Bank of Scotland umbrella group of companies (and in which the UK government holds an 84% stake/share).

    Bank of Scotland is a separate legal entity from Ulster Bank- they are however sister companies, operating under the same umbrella (and indeed owned in the same manner, by the same shareholders).

    This explains things in detail.


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    #5
    Marcusm
    Registered Users Posts: 10,320 ✭✭✭✭Marcusm


    smccarrick wrote: »
    RBS (Royal Bank of Scotland), BOSI (Bank of Scotland, Ireland) and Ulster Bank- are all members of the Royal Bank of Scotland umbrella group of companies (and in which the UK government holds an 84% stake/share).

    Bank of Scotland is a separate legal entity from Ulster Bank- they are however sister companies, operating under the same umbrella (and indeed owned in the same manner, by the same shareholders).

    This explains things in detail.


    Uh, no.

    RBS and BOS are sworn enemies of centuries standing. BOS became part of HBOS (Halifax Bank of Scotland in the late 90s) and part of Lloyds Banking Group during the recent financial crisis. It is correct that both have a large UK government shareholding but RBS and BOS are certainly not sister companies under the same umbrella.


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    #6
    cycling is fun
    Registered Users Posts: 236 ✭✭cycling is fun


    RBS (Royal Bank of Scotland), BOSI (Bank of Scotland, Ireland) and Ulster Bank- are all members of the Royal Bank of Scotland umbrella group of companies (and in which the UK government holds an 84% stake/share).

    Bank of Scotland is a separate legal entity from Ulster Bank- they are however sister companies, operating under the same umbrella (and indeed owned in the same manner, by the same shareholders).



    Why is a moderator encouraging/getting involved in off Topic conversation surely the point of this thread is to discuss the up coming Auction in Dublin giviing that so few banks are lending what has this topic got to do with thread


    P.S waiting to get banned for pissing off the moderator/pointing out his mistake


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    #7
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,285 Mod ✭✭✭✭The_Conductor


    No- I don't get pissed off as easily- and if I make a mistake, I tend to own up to them too.

    Me bad- thankyou both for correcting me.

    You are quite right that this is dragging the thread off-topic, so I'm going to move it elsewhere.

    Thankyou for correcting me.

    Shane


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