Moody’s changed in the review status on Permanent TSB following  the European Commission’s approval in principle of the bank’s restructuring plan. Photograph: Scott Eells/Bloomberg

Moody’s has altered its review status on Permanent TSB’s baseline credit assessment, changing it from review for downgrade to review with direction un(...)

Brian Hayes has campaigned against what he views are “excessive” standard variable mortgage rates  charged by Irish banks since being elected to the European Parliament. Photograph: Dara Mac Dónaill/The Irish Times

The Competition and Consumer Protection Commission has told Irish MEP Brian Hayes that it does not plan to investigate the standard variable mortgage (...)

 Fianna Fáil leader Micheál Martin with  finance spokesman Michael McGrath. The party would be prepared to support the payment of a long-term bonus to the new chief executive of AIB. Photograph: Gareth Chaney/Collins

Earlier this month, I reported that Fianna Fáil would be prepared to support the payment of a long-term bonus to the new chief executive of AIB to hel(...)

‘If we had foreclosures at even Spanish levels – and the crisis here was worse – some 30,000 houses would have been repossessed. Instead, the latest figures indicate fewer than 4,000 homes were repossessed by the end of last year.’ Photograph: Getty Images

The Government is working on yet another plan to deal with mortgage arrears. The crisis has already involved three expert groups and successive policy(...)

Some 5,000 people are on the housing list in Kerry, according to the county council. Kerry County Registrar Pádraig Burke called for councils to be capitalised to enter into joint ownership schemes with individuals who had some capacity to pay. Photograph: Dominic Lipinski/PA Wire

The Kerry County Registrar, Pádraig Burke, has said that county council housing officers should be approached with a view to agreeing “shared ownersh(...)

PTSB wants to consolidate the number of shares in issue from the current  36.5 billion to 365 million. Photograph: Alan Betson/The Irish Times

Permanent TSB plans to cut the number of shares in issue next month before raising €525 million in new capital from external investors. The company wa(...)

 There were 131 applications for repossession before the County Registrar’s Court on Friday. File photograph: Michaela Rehle/Reuters

Clare’s County Registrar has told a court that interest rates being charged by a financial institution to a Co Clare farmer are “immoral” and “outland(...)

 David Duffy, AIB’s outgoing chief executive: Fianna Fáil’s finance spokesman Michael McGrath said AIB needed to “cast the net far and wide in the search for a top calibre candidate” to replace him. Photograph: Eric Luke

Fianna Fáil is prepared to support the payment of a long-term bonus to the new chief executive of AIB if the candidate commits to a minimum five-yea(...)

Liquidator Kieran Wallace of KPMG will announce  a significant surplus has resulted from the liquidation, after funds are repaid to secured creditors. Photograph: Brenda Fitzsimons

The State and other unsecured creditors are set to get an interim payout from the liquidation of IBRC before the end of this year.The joint liquidator(...)

PTSB Group chief executive Jeremy Masding: the bank has offered 27,000 sustainable long-term solutions to its mortgage arrears customers

After months of speculation, Permanent TSB has confirmed that it will seek to raise €525 million from private investors, of which €400 million will be(...)