Permanent TSB

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Britain’s top Brexit official, David Davis, in Vienna this week: some Europeans, he said, “fear Brexit could lead to an Anglo-Saxon race to the bottom with Britain plunged into a Mad Max-style world borrowed from dystopian fiction”.

UK Brexit secretary David Davis this week ruled out a “Mad Max-style” dystopia in Britain after it leaves the EU, dashing hopes Theresa May, Boris Joh(...)

Ten years after the crash we are left with some 50,000 residential mortgage accounts in arrears of over three months, and another 20,000 buy-to-let mortgages in a similar position. Photograph: Getty Images

Sparked by the proposed sale of €3.7 billion in mortgage loans by Permanent TSB, this week’s hot political issue has been what this will mean for borr(...)

The Department of Finance had “no evidence at this point” that the Single Supervisory Mechanism’s treatment of split mortgages was going to change,” a spokesman said. File photograph: Frank Miller

Department of Finance officials have challenged the European banking watchdog’s classification of restructured home loans to borrowers who are meeting(...)

Sale of the €3.7 billion “Project Glas” loan portfolio  has generated public outrage over the likelihood loans will end up in the hands of a so-called vulture fund.

Cathal and Cathy Dunne, like tens of thousands of others during the recession, fell into dire money problems and struggled to repay their mortgage. To(...)

One of the main reasons so few of 2,096 homes offered by banks for social housing have become homes to those on housing waiting lists is the length of time the process takes

The Government’s Housing Agency expects to buy “about 500” vacant homes from Permanent TSB for social housing. These will be the first dwellings off(...)

Barclays shares  closed up more than 4 per cent as investors reacted positively to results. Photograph: Reuters

The Iseq overall fell 0.14 per cent on Thursday, but still managed to outperform wider European indices. Britain’s top share index fell to a one-wee(...)

Photograph: Getty

There is “deep concern” about the fate of 4,000 tenants in investment properties being sold as part of a multibillion euro sale of non-performing mort(...)

Siobhán Talbot, group managing director of Glanbia. The group has reined in its earnings expectations for the coming year. Photograph: Bloomberg

European shares recouped losses on Wednesday as reports of strong results helped boost miners and banks. DUBLIN Food and dairy group Glanbia tumbled(...)

Fianna Fail finance spokesperson, Michael McGrath. Photograph: Alan Betson / The Irish Times

The problem in dealing with the issue of residential mortgage loans possibly being sold to vulture funds is that it is not clear what the exact proble(...)

Minister for Finance Paschal Donohoe is to ask the Central Bank for its views on the “legal and regulatory environment” protecting customers, as Permanent TSB looks to sell off €3.7 billion of defaulting loans to a so-called vulture fund.

Inside Business is a regular podcast from The Irish Times. Subscribe on Apple Podcasts, on Android, on Stitcher - or wherever you find podcasts. Mini(...)

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