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Fitch upgraded its main credit rating for Permanent TSB by one level to BBB-, returning it to what is considered investment grade. Photograph: Alan Betson

Irish banking stocks rose on Thursday in the wake of debt ratings upgrades overnight from Moody’s and Standard & Poor’s, as lenders continue to r(...)

PTSB chief executive Jeremy Masding has repeatedly said this year that the bank had run out of options as it came under regulatory pressure to lower its NPLs. Photograph:  Eric Luke

US investment powerhouse Pimco has been lined up to buy the rights to most of the income from a portfolio of €1.3 billion of problem home loans that P(...)

Permanent TSB chief Jeremy Masding: “Our NPLs ratio is really, really dangerous”.

Permanent TSB’s high level of soured loans is “dangerous for Ireland”, the bank’s chief executive, Jeremy Masding, said on Thursday, as he sought to d(...)