RBS may be preparing another round of cuts at Ulster Bank

Royal Bank of Scotland Group's (RBS) Irish unit is preparing its second round of job cuts in four years as part of an effort to save about €50m ($63.9m), according to two people with knowledge of the plan, Bloomberg News reports.

Royal Bank of Scotland Group's (RBS) Irish unit is preparing its second round of job cuts in four years as part of an effort to save about €50m ($63.9m), according to two people with knowledge of the plan, Bloomberg News reports.

Dublin-based Ulster Bank, which eliminated 1,000 jobs in 2009, or about 14% of its workforce, plans to make an announcement tomorrow, said the people, who declined to be identified as the talks aren't yet complete.

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