A belated act of atonement

Banks are meant to inspire trust and confidence in their customers, their borrowers and their depositors. Some mortgage holders with Permanent TSB (PT(...)

Jeremy Masding, chief executive of Permanent TSB accidentally revealed his notes at a press conference at the bank’s headquarters in Dublin, after an investigation has revealed that serious failures by the bank has led to people losing their homes. Photograph: Brian Lawless/PA

Jeremy Masding, group chief executive of Permanent TSB rather publicly shared his presentation notes to self at yesterday’s press conference where (...)

Jeremy Masding, chief executive of Permanent TSB, at a press conference in Dublin yesterday after a Central Bank investigation revealed that serious failures by PTSB led to people losing their homes. At the top of Mr Masding’s speech is a handwritten note (inset) that says: ‘Serious, controlled, no smile.’ Photograph: Brian Lawless/PA

Here we go again. Yet another banking scandal but this time it can’t be blamed entirely on the shabby practices of the pre-crash era. The holders of (...)

Jeremy Masding, chief executive of Permanent TSB, at a press conference in Dublin yesterday after a Central Bank investigation revealed that serious failures by PTSB led to people losing their homes. At the top of Mr Masding’s speech is a handwritten note (inset) that says: ‘Serious, controlled, no smile.’ Photograph: Brian Lawless/PA

State-controlled Permanent TSB is facing fines of up to €20 million from the Central Bank and compensation payments to customers of more than €35 mill(...)

Permanent TSB Jeremy Masding (left) , group chief executive  and Alan Cook, chairman, at the press conference held by Permanent TSB on the mortgage redress programme. Photograph: Eric Luke/The Irish Times

Shares in Permanent TSB rose by 2.7 per cent in Dublin yesterday as the group announced an underlying profit of €1 million for the first six months of(...)

PTSB said it recorded an underlying profit of €1 million - the first such profit since 2007

Permanent TSB has reported a first-half loss of €431 million, more than double the €171 million announced a year earlier. The bank recorded a €380 mil(...)

AIB’s rate cuts have put some  blue water between it and Bank of Ireland,  whose SVR is 4.5 per cent. These things are never black and white, of course – Bank of Ireland will pay the 1 per cent stamp duty for first-time buyers.

It was no coincidence that on the same day AIB was due to meet the Minister for Finance to discuss its standard variable mortgage rates, it was also l(...)

It is understood PTSB will address the issue of its standard variable rate in the next six to eight weeks

Permanent TSB’s chief executive Jeremy Masding believes the bank could return to full private ownership and have repaid its State bailout of €2.7 bil(...)

PTSB chief executive Jeremy Masding described the investor interest as “exceptional” with the company making more than 100 presentations to potential investors over the past six months.

Permanent TSB has raised €525 million from capital markets through the sale of €400 million worth of shares and €125 million via a debt instrument.PTS(...)

Chief executive Jeremy Masding during Permanent TSB’s AGM. Photograph: Gareth Chaney/Collins

Permanent TSB Group Holdings has warned potential investors that a return to profit may be at risk from Irish political pressure to cut interest rate(...)