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Sat 02 Feb 2010Postbank to close due to losses with 260 jobs put at risk
POSTBANK, THE joint venture between An Post and European bank BNP Paribas, has announced that it will close at the end of the year due to loss-making savings rates being offered in the highly competitive Irish deposit market.
The company is the second retail banking business in as many weeks to announce its closure following the decision of Bank of Scotland (Ireland) to shut down Halifax, with the loss of 750 jobs.
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