Certus chief executive Joe Higgins said: “Regrettably, we need to reduce our workforce this year, which will, hopefully, be achieved on a voluntary basis.” Photograph: Dara Mac Dónaill

Dublin-based specialist loan servicing group Certus is seeking 225 redundancies from its 1,000-strong workforce in a bid to reshape the busines(...)

The Central Bank’s director of consumer protection, Bernard Sheridan, acknowledged yesterday that PPI can be a suitable product in certain circumstances, but he said consumers should approach the purchase of a policy with their “eyes open”.

More than one in five payment protection policies in Ireland were mis-sold, a Central Bank review has found, with 11 leading financial institut(...)

Impairments at Lloyds for souring loans fell 21% to £1.52bn as losses from Ireland slowed. Photographer: Chris Ratcliffe/Bloomberg

UK government-backed Lloyds Banking Group said it was ready to return to private ownership after reporting a pretax profit for the first time i(...)

Darryl Kavanagh lists debts of $9.5 million due to Bank of Scotland (Ireland) and $8 million to the State loans agency, the National Asset Management Agency, through debt acquired from Bank of Ireland.

A Waterford property developer, publican and nightclub owner has filed for bankruptcy in the United States with debts of $23.4 million (€17 million).D(...)