The Sun, 5.05.17
EX-Apprentice boss Bill Cullen and his partner Jackie Lavin could be set for a windfall from Ulster Bank in a row over dodgy banking practices.
The bank, which closed 22 of it’s rural branches in March, faces paying out around €50million to 2,140 Irish businesses that went bust after they were taken over by the financial institution.
Parent company Royal Bank of Scotland set up a Global Restructuring Group for struggling SMEs during the recession.
Between 2008 and 2013 about 12,000 companies in the UK and Ireland were placed in this internal bad bank, which operated like a mini-Nama.
Out of the total, 2,140 of these businesses were Irish.