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RBS blames cyber attack for failure in online banking system

Today’s problems could be even more serious, arriving at the end of the month when customers traditionally look to draw down their monthly salary payments.

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Williams & Glynn is to be sold by RBS next year, meaning customers south of the border will find themselves customers of a new bank from that point on.

The branches will become outlets for the resurrected bank Williams and Glynn, which is being recreated by RBS to shave off some of its business. Customers experienced issues for around 50 minutes and this has now been resolved.

Ulster Bank has reported an operating profit of £131m (€178m) for the first half of its financial year, compared to £55m (€67m) in the same period of last year.

It’s also not the first time that customers have faced issues with online banking.

An RBS share sale, following successive disposals of British government holdings in Lloyds Banking Group, would mark another milestone in Britain’s recovery since the 2007-2009 financial crisis and could contribute billions to state coffers.

It is understood that Bank of Ireland will acquire €200m worth of the portfolio, with those loans covering around 650 SME and commercial real estate customers.

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The company, in a tweet from its customer service account, confirmed the issue which many people had reported on social media, saying: “We are aware of an issue with the online banking service, our tech team are investigating this as a matter of urgency”.

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