Permanent TSB

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Paschal Donohoe planned to introduce laws in early 2019 to give the Central Bank more powers to make top bankers accountable for failings under their watch.  File photograph: Alan Betson/The Irish Times

Minister for Finance Pascal Donohoe’s officials are seeking the advice of the Attorney General’s office on the constitutionality of a planned laws aim(...)

 Paul McCann was managing partner of Grant Thornton in Ireland between 2012 and 2017 and is currently a senior partner in the firm’s financial services advisory department.

Permanent TSB (PTSB) has appointed Grant Thornton partner Paul McCann as interim chief financial officer (CFO) as it continues its search for a perman(...)

The Central Bank started an examination into the tracker mortgage issue in late 2015 and began enforcement investigations the following year. Image: iStock

KBC Bank Ireland has been fined €18.3 million in relation to the tracker mortgage scandal. Are there more fines to come? This is the third fine impos(...)

The mortgage lender, part of the Belgium-based KBC Group, admitted to 12 regulatory breaches in the investigation. Photograph: Bryan O’Brien

KBC Bank Ireland has been fined €18.3 million by the Central Bank for its role in the State’s tracker mortgage scandal, which saw the lender devise a (...)

Photograph: Dara Mac Dónaill

European equity markets closed lower on Friday, with travel and banking leading declines as a resurgence in coronavirus cases across the continent rek(...)

It is highly likely that news of the strategic review will prompt an approach from 75 per cent State-owned PTSB for Ulster Bank. Photograph: Alan Betson

It was understandable why Royal Bank of Scotland (RBS) hired investment bank Morgan Stanley back in 2014 to look into how it could retreat from the Re(...)

An Ulster Bank ATM on Grafton Street, Dublin. Photograph: Frank Miller

UK banking giant NatWest confirmed on Friday that it was carrying out a review of strategy at Ulster Bank in the Republic, after The Irish Times repor(...)

NatWest – ready to withdraw from Ulster Bank. Photograph: iStock

On the surface, at least, it’s business as usual at Ulster Bank in the Republic. The bank’s announcement last week that it was cutting 266 of its 2,(...)

Ulster Bank made a €276 million operating loss for the first half of the year, compared to a €26 million profit for the same period in 2019.

Ulster Bank’s UK parent is actively considering winding down the lender in the Republic, as the challenge of turning around a business struggling with(...)

‘Kerry, Donegal and Wexford have large shares of employment in the “accommodation and food service” industry sector, which was strongly affected by business closures due to Covid-19,’ said the Central Bank. File photograph: Getty

Borrowers behind 58.9 per cent of small businesses in the food and accommodation sector with loans secured payment breaks of up to six months from ban(...)

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